Reward Consulting and design
(Executives, Workforce and Assignees)
65%
of employees left their organisation in 2018 due to compensation.
Payscale
“If you pick the right people and give them the opportunity to spread their wings and put compensation as a carrier behind it you almost don’t have to manage them.”Jack Welch
Business value gained through the solution
- Having the right reward solutions, structures and processes in place is a key part of the employee value proposition, which in turn is a key enabler to the organisation success.
- Reward and Compensation is arguably one of the largest – if not the largest expense – for organisations, the ability to manage it well has a direct impact on the bottom line.
- Defining the reward calendar allows for certainty in establishing the required processes.
- Understanding not only local but business context allows our consultants to shape solutions that work for your organisation.
- All design work is linked to the Total Reward Strategy of the organisational, business and functional strategy.
Examples of typical consulting projects
- Conversion to a total reward framework.
- Considering the introduction and, or, removal of a benefit.
- Preparing for Remuneration Committee meetings.
- Establishing an annual increase process.
