Total Reward
Transforming the Reward Process.
Human Capital’s Total Reward Centre of Excellence offers solutions based on in-depth global research and thought leadership.
We provide clients with end-to-end remuneration capabilities. This includes salary benchmark data, job grading, pay structuring, rewards strategy, incentive and share scheme design – all supported by design and implementation of aligned performance management processes. We help our clients to optimise their reward and recognition philosophies, address the challenge of matching market related pay and develop effective pay scales and models based on clients needs.
Our Rewards Transformation approach redefines the definition of Total Rewards. It is linked to the elements of an Employee Value proposition with a focus on differentiation rather than one-size fits all.
Business Challenges:
- Increased requirement for the implementation of a Reward Strategy that will enable an organisation to achieve its strategic objectives through aligned employee behaviours
- Gathering of market remuneration data and trends
- Development of comprehensive role profiles and implementation and maintenance of job evaluation system
- Development of differentiated pay model and pay scales taking into consideration critical workforce segments
- Revisiting share schemes in light of unfavourable tax and accounting treatments
- Noticeable escalation of senior executive compensation and widening gap with employee compensation
- Increasing public/investor demands for responsible cash and share incentivisation based on performance criteria
- Design and implementation of Performance Management Strategies and Processes
- Comprehensive approach to Sales Strategy and Management, including Sales Team/Force effectiveness
- Determining the Reward ROI
- Efficient cost reduction
- Merger & Acquisition Remuneration & Benefits Harmonisation (due diligence and post merger integration)
Our Experience:
The Challenge
Deloitte was engaged to manage the merger between two global companies in the fuel, chemical and petroleum industries. The reward challenges were significant as the two legacy organisations had very different approaches.
Deloitte was engaged to design a reward approach to meet the needs of the newly merged organisation and ensure talent was retained.
The Process
Our team implemented two processes:
Phase 1: analysed the existing legacy remuneration approaches in both companies.
Phase 2: proposed a new remuneration approach for the client that reflected best practice.
The Result
Deloitte developed a remuneration philosophy, strategy and policy framework that met the divergent needs of a number of stakeholders in the merger process.
A large South African based global energy company and world –leading technology provider required business models able to manage international joint ventures and high –value Information Management.
Service Offerings:
- Benchmarking
- Job Evaluation
- Reward Consulting
- Performance Management
- Sales Force Effectiveness
Executive Compensation
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