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Compensation & Rewards Management

A good compensation and rewards system is detrimental to attract and retain an engaged workforce. With our vast experience and expert insights we offer strategic solutions fitting the Business and Human Resources strategy.

We partner with organizations in designing and implementing several projects which includes -

Compensation & Rewards Strategy

We provide effective solutions specific for target industries and help you in designing "Total Rewards" strategy which will align all the compensation & benefits program under one roof. We help you to build the Total Rewards Model which will aim to achieve your overall business & HR goals. We assist in creating the robust model and also partner you in the implementation throughout the organization.

Compensation Design

The foundation of any Rewards systems is to get the base pay levels, structure and process correct. Our expertise in these areas helps us to provide you with the required support on job mapping, banding and pay structures. We can help design the complete structure for your organization.

Market Benchmarking & Pay Analysis

Increased competition in the market with constraints in budget makes offering a competitive compensation plan even more challenging for organizations. To meet these challenges it's important for any organization to be competitively positioned to attract talent and retain people. We can help you undertake benchmarking exercises, analyse your position in the market vis-à-vis your competition and assist in identifying gaps and create action plans.

Incentive and Variable Plan

Incentives & performance pay are an important part of Total compensation. A misaligned plan can do more harm than good. As your consultants we will help you review or design incentive plans that are well aligned with the organizational and business goals.

Yearly Appraisal Cycle

We expertise in managing annual performance appraisal reviews. This includes designing salary increase matrix, preparing templates for managers to enter ratings and consequently calculating salary increase %, providing inputs for market catch-up, presenting the analysis to top management on budget spend, distribution curve, overall industry trends, etc.

We also assist in preparing revised salary structure, Appraisal letters and subsequent implementation in the payroll processing.

TickDesigning Rewards & Recognition program.

TickAssisting in Budgeting Process.

TickCreating Retention plans.

TickExecuting Organization restructuring & retrenchment process.