Paysafe, a global-leading payments provider has teamed up with 3R Strategy, a specialist pay and reward consultancy, to help boost employee engagement and loyalty.
As part of its business and HR transformational programme, Paysafe brought 3R Strategy, a start-up company launched in 2015, onboard to help bring structure, insight and support in the delivery of a global job grading and benchmarking project.
Paysafe, a FTSE 250 organisation, which has expanded into 12 offices following a burst in organic growth and acquisitions, aimed to enhance the company’s job and career development framework for its 2300 employees.
With the introduction of a consistent and structured global salary policy, Paysafe has enabled its team to make more informed pay decisions.
Chief Human Resources Officer at Paysafe, Nick Walker, said: “This grading and benchmarking project has allowed us to encourage promotion from within the firm, as well as setting the bar on our compensation and benefits positioning in each of our jurisdictions.
“3R Strategy’s pace and pragmatism allowed us to complete the project within the aggressive timescales we set. To me, it’s safe to say that 3R Strategy is a strong ally to have when companies look to transform their HR agenda.”
Commenting on the partnership, Director of 3R Strategy, Rameez Kaleem, said: “Our vision is to help create an environment where employees feel rewarded and appreciated, and a fundamental part of this is established by building a reward framework that is fair and transparent.
“Paysafe’s vision mirrors ours so the synergy between the two businesses was natural.”
The consultancy is planning to grow its reward team over the next year as with increased regulation regarding gender pay and equality, there has been a rise in demand for a more structured, fair and transparent reward strategy.
For information about 3R Strategy’s job levelling and career progression services, visit: www.3r-strategy.com.
To find out more about Paysafe’s unique payment solutions, visit: www.paysafe.com.