How can employers gain confidence that their total rewards programmes are really contributing to business value? An effective total rewards strategy is one built around a clear understanding of which employee groups are most crucial to business value, what helps motivate those employees, and how their behaviour affects business results.
Rewards strategy & design
Developing tailored rewards strategies and designs, while balancing employees’ reward preferences, and cost and risk constraints.
Compensation & benefits design
Designing an objective, balanced salary structure, ensuring internal and external equity through job evaluation and compensation & benefits benchmarking.
Closing the gap between employer’s perceptions of employees’ views and the actual state of the internal total rewards marketplace requires a much more rigorous, scientific, and intensive approach than the traditional annual survey. Involve establishing a systematic, ongoing process, probing into employees’ total rewards preferences and expectations and responding to them.
Rewards ROI measurement
Helping employers establish a thoughtful, tailored approach to develop a set of metrics that will be actively tracked on an ongoing basis to measure progress towards strategic goals.