what are reward tools?

Reward tools are instruments that help organisations strategically design, substantiate, and manage their remuneration policy. Reward tools support organisations with the development of their remuneration strategy, salary benchmarking, job descriptions, job evaluation, and job classification, among other things. This enables organisations to make remuneration decisions more objectively, consistently, and transparently.

why do I need reward tools in addition to a reward strategy?

A reward strategy determines the direction of the remuneration policy, while reward tools ensure its concrete and consistent application. Tools for salary benchmarking, job classification, and job descriptions help organisations translate their reward policy into substantiated remuneration decisions.

which reward tool does my organisation need?

The most suitable reward tools depend on your organisation's goals and challenges. Organisations looking to professionalise their remuneration policy often combine various instruments, such as salary benchmarking for market comparisons, job descriptions for clear roles, and job classification for an objective salary structure.

what is the difference between a benchmark tool and a salary survey?

A salary survey analyses market data regarding salaries, whereas a benchmark tool allows organisations to compare their salaries against those in their reference market.

how do reward tools support pay transparency?

Reward tools help organisations increase pay transparency by basing remuneration decisions on objective criteria and consistent methods. By classifying jobs, benchmarking salaries, and clearly defining reward criteria, organisations can better explain pay gaps and be better prepared for evolving regulations around transparent remuneration. Additionally, our Reward Architect Professional features an integrated pay gap module that generates legally required reports with one click. However, the module goes beyond simple reporting: thanks to in-depth analysis, organisations gain insight into the underlying causes of pay gaps, allowing them to proactively take targeted action and implement improvements where necessary.

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reward tools for objective remuneration decisions.

A strong remuneration policy begins with reliable insights. Randstad's reward tools help you substantiate your remuneration decisions in an objective, market-aligned, and transparent way.

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salary surveys.

Based on the data you provide, we compare fixed remuneration, variable remuneration, and fringe benefits against the market.
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5+1 Compas®.

Build an objective job classification based on an analytical job evaluation methodology.
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reward architect.

Benchmark salaries independently based on more than 300 reference roles and salary data from over 1,000 participating companies.