“If you pick the right people and give them the opportunity to spread their wings and put compensation as a carrier behind it you almost don’t have to manage them.” ― Jack Welch
the art of balancing Employer Cost and Employee Value
With ever-changing market dynamics, the challenge to attract, motivate and retain talent becomes a lot more complex. The challenge is to protect bottomline while ensuring employee rewards are equitably connected to Performance, Engagement, and Career progression.
BENCHMARK assists clients in resolving critical reward management issues instantly, without any data crunching on the client’s part. Our consultants will work with clients to:
- Establish total rewards philosophy and strategy
- Design salary scales/range based on external and internal analysis
- Design short-term and long-term incentive plans
- Design effective sales compensation and incentive models
- Implement simple and effective recognition programs
- Automate total rewards practices
- Design rewards communication strategy
Most often, inherited issues and ad hoc pay decisions made in the past can be a real hurdle in establishing a new compensation framework/structure.
We collaborate with our clients in designing and developing successful, practical pay structures that help manage employee compensation in a transparent, consistent and fair way.
BENCHMARK’s talent management solutions are founded on its experience and firm belief that Rewards, Recognition, and Development backed by Values, Vision, and Leadership are key to designing a winning talent management strategy. One that ensures your programs, policies …
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