Compensation & Benefits
HR professionals know that any organisation’s greatest asset is its people. But managing pay and benefits on an international scale is notoriously complex.
The right compensation and benefits schemes ensure that hard-working employees are rewarded fairly and in the most cost-effective way for the company. This in turn then motivates employees to sustain their performance.
The compensation, benefits and reward schemes that these HR professionals manage are not only important for retaining and motivating employees, but also for attracting new people to the company. Salary and incentive packages are one of the main reasons why people apply for specific jobs. The more attractive compensation and benefits schemes tend to generate more interest in new positions.
The international compensation and benefits services we provide not only support you in meeting your legal obligations in-country, but also ensure that you see a return on investment in your employee reward programmes by ensuring your pay and benefit frameworks are market competitive, transparent and well-communicated to employees.
Prime Consultancy also provides employee relations and litigation advice and ongoing mandatory and supplementary benefits management and guidance through our specialist teams. We advise on the right approach to compensation and benefits through our insights and benchmarking, analysis and ultimately implementation.
We have many years of experience in merger and acquisition support, including HR due diligence and transfer support as well as redundancy, layoffs and termination assistance. We provide talent management and succession planning support, HR and benefit audits and a complete outsourced HR administration and business partner support service.
Our international compensation and benefits services include:
Employee benefits review
Employee benefits gap-to-market assessment
Employee benefits implementation and administration
Total reward statements and employee communications
Compensation review, including salary benchmarking and designing pay structure
Annual pay reviews and budgeting analysis
Job evaluation and benchmarking of positions
Bonus and sales incentive plan review and design
Long-term incentive plan review and design
Design of reward strategy