REWARD/ COMPENSATION DESIGN
Overview
Rewards are one of the most powerful tools organisations have to influence their employees and drive their corporate strategy. Since compensation is often the single largest component of operational costs, and a major part of total costs, a well designed compensation system can help an organization achieve and sustain a competitive advantage. On the other hand, a poorly designed compensation system can undermine an organisation’s success
Because we know how important compensation is in driving talent and business strategies and culture, we support our clients in designing and implementing compensation programs that deliver intended results – attract, motivate, and retain the right employees to execute corporate strategies – and avoid unintended consequences – culture failures and problematic behaviours that negatively impact organizational success
What We Can Do
Our approach to the design of a total reward ensures that we deliver:
A rewards philosophy that aligns and supports the organsiational culture and strategy.
Articulated objectives that tie the rewards system to the talent and business strategies
Internal alignment of pay for the different types and levels of skills and work within the organisation and how compensation supports career growth and promotions.
External competitiveness that effectively positions clients with relative advantages in productivity, efficiency, quality and customer service
Clear rationale for pay increases
A robust management system to guide compensation decisions
