Developing Customize Reward Frameworks
Global Reward Management
Designing and management of reward and benefits in a global context is a challenging task as it requires specific skills and expertise. Global rewards usually involve a delicate balancing act between global standards and local customs in pay and benefits practices.
Experts in the field of international compensation and benefits are faced with several challenging questions, including:
- What cultural and institutional factors should be considered while designing international pay systems?
- What are the current trends in Europe, USA or Asia or other parts of the world?
- What are the specifics of reward management in a global firm?
- How to conduct international benchmarking?
- How to design an efficient and equitable expatriate pay policy under increasing international mobility challenge?
So, to tackle such challenges, we partner with the organization itself and with the international player in the rewards and benefits areas to analyze and find the answers to the above possible questions and recommend a way forward on Global Rewards Management.
We can provide assistance in:
- International pay and benefits benchmarking
- Designing global rewards practices based on organization’s regional requirements and internal reward philosophy’
- Advisory services on international mobility matters