Rewarding Performance

Dynamic organizations of today must shape their remuneration policies to reflect and respond to current changing needs. The approach to successful remuneration systems is aimed at adding value to the organization's overall performance by designing creative, cost-effective and flexible compensation systems which meet its business challenges and support its desired culture.

HRM Consulting will develop a reward strategy and system that is logical, defensible, and that supports organization's values and business results. A reward philosophy will be developed that articulates what organization will pay for and why. A reward strategy will then be developed outlining how organization will pay, or how organization will implement its stated reward philosophy. With the reward philosophy and strategy agreed, we will determine the mix of fixed and variable reward components. These components will be balanced so as to support and reinforce organization's values, behaviors, competencies and business results. A well defined reward system is a powerful driver of performance. Conversely, a poorly defined reward system can lead to low levels of motivation, high turnover, and lower productivity.

Remuneration Policy

HRM Consulting helps organizations to design, deliver, and communicate the full breadth of their investment in their employees, which enables them to more effectively retain and motivate employees, and manage ever-rising benefits costs. HRM have the full capability to understand the needs and wants of various employee groups, to benchmark the desired competitive position in the market place, and design reward programs that deliver the most value from their reward investments and create a more satisfied workforce.

Benefits Valuation & Advice

HRM Consulting designs and implement employee and executive benefit programs, including retirement and health and welfare plans, to help organizations attract and retain talent, manage costs, and meet regulatory compliance.

Executive Remuneration

HRM Consulting works with the top executives and remuneration boards in organizations across the world to set compensation packages that motivate and reward those people who run businesses in terms that are clearly justifiable to shareholders or stakeholders.

Salary Administration

HRM Consulting helps organizations install and maintain a reward management system that supports their strategic objectives. It will take participants from the use of the Hay Guide Charts toward the implementation, administration and policy-making process of reward management.

Employment Conditions

HRM Consulting helps organizations to establish an employment condition or company handbook to make concerned persons gain better understanding of employment conditions and to clear any doubts your organization may have on your benefits as well as rules and regulations.

Incentives & Bonuses

Competitive valuation of employee benefits and long term incentives as part of total remuneration programs.