How to hire a great freelance Total Reward Specialist
Total Reward is the combined salary and benefits package employers offer to their employees. This package can include a broad range of compensatory and non-compensatory elements, including pay, bonuses, variable pay, user stock options, health care, retirement benefits, and other forms of recognition and rewards. It ensures employers are providing the best value to their staff, in return for their commitment and loyalty.
When hiring a freelance Total Reward Consultant, consider what particular areas of expertise you require. Depending on the nature of your business needs, you could enlist their help with developing a base salary structure for your firm; pay for performance programs; benchmarking market rates; establishing short-term incentive plans; offering equity rewards; or creating reward programs tailored to target employee behaviours.
Look for someone who has a combination of technical expertise with an up-to-date understanding of current trends in total reward management. The ideal candidate will have experience in both domestic and international HR design scoping and implementation. Ask them to present examples of previous work they have done while asking questions to determine the level of detail they are looking at when working on programs or developing frameworks. A typical hourly rate for this position would be between £50 - £150 per hour depending on the scope of work, years of experience and geographic location.
Hiring a Total Reward Consultant via Freelancer gives you all the benefits of using an experienced professional without incurring all the costs associated with traditional employed roles. You can easily find someone who has the right skillset and capacity to assist your business with personalised tailored guidance on total reward systems – all within budget. Hire one now to enhance your HR strategy!