Remuneration Strategy
We can provide consulting on a range of activities related to remuneration strategy including:
Identifying a company’s unique competitive advantage to reward through
- Ensuring remuneration outcomes are aligned to business drivers
- Recognising a company’s lifecycle stage and structuring reward inputs accordingly
- Identifying when/where it makes sense for a company to follow a unique remuneration path
- Recognising when relative comparisons are not appropriate to include in a reward framework
Design and implementation of reward frameworks
- Designing unique solutions for companies to leverage their reward programs through
- Incorporating all cash and non-cash components into a single reward framework
- Developing communication materials to ensure change management is a positive experience
- In-house implementation with internal/external resources to ensure smooth transition
Outlining methods to ensure pest performers are the best rewarded
- Designing solutions that better differentiate and reward the best performers
- Aligning with (or if necessary, replacing) a company’s performance measurement system
- Imbedding improved reward solutions within a company’s employee value proposition (EVP)
- Utilising non-cash tools available to a company to further differentiate its best performers
Strategies to Reward for Individual Discretionary Effort
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