Review the existing rewards framework to ensure that it reflects short- and long-term business needs.
Review and benchmark existing reward policies and practices versus market highlighting key deviations.
Propose a rewards philosophy and design d programs to address internal talent challenges, business needs, considering current and desired market positioning.
Approach & Deliverables
While the approach consisted of the following steps:
Reviewed job evaluations, organizational structure, grading, and titling practices.
Evaluated roles using a structured methodology, aligning them with a redesigned grading and titling framework.
Benchmarked compensation and benefits against the peer market and developed a rewards philosophy.
Designed salary scales, identified role comparators, recommended adjustments, and estimated costs to bridge gaps.
Developed short- and long-term performance-based variable pay programs to drive performance and retain key talent.
