Incorporating ESG into your reward strategy

Recruiting and retaining key talent has never been more important to organisations.

 

Two central aspects to this are:

1. Employers - reward individuals effectively.

2. Employees - manage tax and national minimum wage risk compliance.

How we help employers

  • Training Workshops to help employers understand the technicalities of Employment Tax, IR35, NMW and CJRS/Furlough compliance requirements.
  • Desktop review of relevant documentation.
  • Analyse the interaction with flexible furlough.
  • Establish internal guides and policy papers, including frequently asked question documents.
  • Support with proactive reviews and HMRC prompted reviews.
  • Designing effective reward strategies to manage costs and retain key talent, including pay differentials, non-cash benefits, salary sacrifice, pension etc.
  • Interaction with regional, gender pay gaps.
  • Consideration of Voluntary Living Wage accreditation.
  • Alignment of workforce structure and training programmes (e.g. apprenticeships), including pay bindings.
  • Evaluating employment status to establish if NMW applies (volunteers, sole traders). 
ESG reward strategies

Tax, enhanced 'take home' pay and reduced employment costs

How organisations pay workers is always a key topic and goes beyond basic salary/hourly pay. Organisations need to consider what is right culturally, reputationally, and legislatively to make sure they remain attractive to work for. 

We help organisations by supporting them with designing effective reward strategies that look at the overall picture, not just whether there is a tax liability.

ESG reward strategies

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