Case Study
Remuneration Consulting and design
Business need
Our client is a large pan-African financial services organisation headquartered in South Africa. The executive team required a reward review to drive business performance and productivity.
Solution
- It was critical to obtain current compensation data from our client.
- Market benchmark data was needed to conduct a deep analysis, which was acquired by the client with our guidance.
- A detailed analysis was conducted to ensure competitive alignment on compensation and benefits.
- A review of pay-mix to enhance pay at risk by implementing and phasing short-term incentives.
- Final presentations were made and included recommendations for the implementation.
Impact
- Alignment of stakeholders in their understanding of local compensation and benefits practices.
- Assist decision-making with regards to a reward philosophy of incentivising performance.
