The cost maintaining compensation and benefits schemes is typically a significant cost for organisations. Deloitte’s Total Rewards service offering can help you improve the value-per-euro of C&B investment and improve employee productivity and retention.
Due to budget tightening, continued competition for critical talent, and the need to retain and motivate key performers, Organisations are under intense pressure to improve the ROI on compensation and benefits expenditure. Moreover, following a merger or an acquisition, organisations are often left with multiple compensation systems, health and welfare programs, retirement programs, and systems and processes to administer all these programs. In addition to creating unnecessary costs for the organisation, maintaining multiple legacy systems might not align with the organisation’s business needs.
Effectively designed and successfully delivered total reward programs can significantly reduce these costs and have dramatic impact on employee productivity, thereby improving shareholder return.Our Total Rewards practice addresses overall business strategy, corporate culture, and global alignment of employee programs. Deloitte believes that a holistic approach to total rewards and produces the highest impact results at the organisation and employee level.
Our approach includes compensation strategies, Benefits Services, and Actuarial and Insurance Solutions to provide holistic total rewards programs.