Reward strategy and benchmarking
Aligning your reward strategy with your corporate and people strategies and with your company culture is key to maintaining your competitive advantage. All policies involving the remuneration of employees (reward) need to be thought through so they are in line with corporate objectives and values. PricewaterhouseCoopers can help you fine tune the way you reward effort to support your business performance.
Our reward group has extensive experience in all of the following activities:
- HR alignment: alignment of reward tools and programmes with company objectives and culture, translating company strategy into the desired remuneration approach
- Remuneration programmes:
- Executive compensation programme design and implementation (including director compensation, employment agreements, service contracts, etc.)
- Terms of employment design
- Performance and competence management programme design and implementationJob analysis and evaluation
- Wage and salary structure design
- Remuneration surveys and job pricing
- Due diligence
- Short-term and long-term incentive plans linked to individual performance
- Incorporating financial and shareholder objectives in reward programmes (e.g. annual bonus plans, stock option plans, etc.)
- Wage and salary policy design
- Perquisites/fringe benefits management (e.g. company car policy)
