30 October 2008
Media release
Timely merger to help firms make pay packets measure up
Longstanding remuneration advisors Strategic Pay and Higbee Schäffler have merged to form New Zealand’s largest
specialist remuneration consultancy.
The merger will provide employers with timely access to a rich source of market intelligence and advisory services as
firms negotiate pay packets in challenging economic conditions.
“Both businesses share a common vision about enabling effective workforces by providing customised remuneration and
performance solutions. We have gained strong reputations for innovative approaches suited to the New Zealand market. Our
combined strength provides a one stop shop for local businesses wanting to audit, benchmark and re-design their
remuneration systems and become more performance-driven,” said Dennis O’Callaghan, Managing Director and founder of
Strategic Pay.
Strategic Pay and Higbee Schäffler have each operated in New Zealand for over 10 years. This merger is the second one
for the company following on from an acquisition of the PricewaterhouseCoopers Remuneration Division in 2004. The new
consultancy has a client base of more than 600 organisations, and a database of over 100,000 employees. The merger
unites two powerful market research functions, bringing together more than 20 cross-industry and niche market surveys.
Higbee Schäffler Director Helene Higbee said that access to better and broader comparative information will enable
clients to more effectively benchmark remuneration and rewards, and demonstrate rigour in their decision-making.
“Remuneration is a sensitive subject, and has been a high profile issue recently especially at executive level. Not only
do employers need to ensure that the remuneration they offer is competitive, they often need to be able to show that
it’s consistent with pay for other comparable roles. The new data sources brought together under the merger will help
our clients to demonstrate that they’ve done their homework,” said Ms Higbee.
Strategic Pay and Higbee Schäffler have offices in Auckland, Wellington and Dunedin, and employ a total of 24 staff. In
addition to the merged data sources of the two firms, clients will benefit from world-leading technologies designed to
ensure that information can be accessed and applied to maximum advantage.
“With the economy slowing and a level of uncertainty about what lies ahead, employers need to stay in touch with the
market and make wise decisions about how they reward their staff. The merger will help them to do exactly that,” said
Dennis O’Callaghan.
Mr O’Callaghan said that the combined resources of Strategic Pay and Higbee Schäffler would enhance the ability of both
firms to continue to deliver a service designed to promote a competitive advantage.
“As well as providing a compelling employment proposition that attracts, retains and motivates the best people, an
effective remuneration strategy should link closely to business objectives and drive performance. As a result of the
merger Strategic Pay and Higbee Schäffler are better placed than ever to help employers reward what matters, with
rewards that matter,” he said.
ENDS