How pay modelling improved employee engagement at RCP

The Royal College of Physicians (RCP) is the professional body of doctors of general medicine and its subspecialties. It was originally founded as the College of Physicians and in 1518 became the first medical institution to receive the royal charter. The College has been continuously active in improving practice medicine since then, primarily through training and qualifying new physicians. It employs around 350 people, mostly in its Central London offices.

How we helped The Royal College of Physicians

Our Solution

Paydata’s pay modelling solution provides a structured method for reviewing pay and salary scales to ensure they remain relevant. Our starting point for pay modelling is to structure the benchmarking appropriately. This requires an understanding of both the type and level of work done.

Working with RCP, we agreed to consider clusters of similar roles at the same level, rather than benchmarking every role. We frequently adopt this approach - it helps keep timescales, demands on internal resources and costs in check. It also recognises that benchmarking, whilst a structured analytical process, is not a precise science and provides a good balance between accuracy and simplicity.