Performance and rewards
Performance management
Employers are faced with the business imperative of linking individual employee and team performance to the organisation’s overall strategy, mission, vision and values.
More than ever, it is critical for them to identify their talents and look for ways of enhancing organisational success with employees’ knowledge, skills and competencies through effective performance management.
Tools to plan, develop and review performance
Our services in this area include:
- Assistance with coaching, optimal processes and (IT) infrastructure enabling you to measure and develop the performance of the employees and business units
- Specific support in the design and review of performance management models, taking into account the specificities of different employee groups and market best practices
Rewards
In the continuing war for talent, rewarding and motivating people is a key differentiating factor. Meanwhile, the trend is clearly moving towards more regulation with increased scrutiny of variable remuneration of risk takers and management. As a consequence, HR professionals find it increasingly important to reengineer their total reward programmes so that the organisation can retain its key people while remaining competitive and yet complying with increased regulatory pressure.
Deloitte Luxembourg offers a comprehensive set of services to assist you in the design and implementation of total rewards programmes, based on competitive market practices and which take into account local and international requirements as well as personal tax considerations.
Our approach to answer CSSF requirements
Various levels of services, from complete review of total rewards strategies to focus on more specific items such as risk culture, execution and control, governance and HR/tax/legal aspects. Read our dedicated brochure on remuneration policies in the financial sector for more information.
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