Total Compensation Reviews

We strongly believe that no two companies are same. Our bespoke employee Compensation services are meditated and created keeping in mind your company’s policies. Every firm follows a different Compensation plan or Flexible Benefit Plan. We help our clients to bridge the gap by bringing the complete solution by :

Develop compensation plans for various positions in your organization based upon KRAs (Key Responsibility Areas), Profile, education and training, skill development etc.
Individual session with employees about their compensation plan thereby providing them a transparent picture about their complete pay package and also motivate them to set higher targets within the organizational ladder.
Providing training to your in-house HR team and accounts department so that they can handle all kinds of queries related to total employee compensation.
We undertake doing yearly appraisals, setting up standard HR policies & Procedures, Code of Conduct, Standing Orders etc. for our clients. We also cater support in Employment Documents Drafting

What is the Total Compensation Review process?

It is a common practice for organizations of all sizes to review the level of compensation of their employees. Typically the aim of the process is to take a look at the employee’s performance and achievements in the last year, combine that with expectations about the future (also comparing to the market), and then set the new compensation level individually. In large organizations, it is commonly driven by the Compensation & Benefits department in collaboration with the managers, HR, and executives.

In our practice, we often implement Compensation & Benefits processes that aim to review the compensation of employees and set the new compensation levels for the upcoming compensation round.

The compensation elements that need the review can be categorized in a few areas: