Developing Reward Structure
Employee Total Rewards
In today’s time, attraction, motivation, engagement and retention are the key challenges faced by organizations in terms of their human resources. Understanding the total rewards and the elements within the “total rewards strategy” is critical to successful management of human resources.
Hence, we will help the organizations to fully understand and consequently put an action plan on the six elements of “total rewards” which will enable them to significantly enhance their attraction, motivation, engagement and retention of its human resources.
We help the organization with:
- Developing employee rewards strategy and philosophy
- Making a case for change – for Board of Directors
- Pay structure design
- Creating benefits program
- Variable pay plans
- Setting the compensation mix
- Work life balance approaches
- Integrated performance management
- Developing recognition program
- Talent development