Effective total rewards

Rewards are a central part of performance management. Timely, performance and results based rewarding supports the desired behaviour and achieving the wanted results. At best the rewards practices can motivate and commit people, as long as it is remembered that different people are motivated and committed by different things.

Total rewards is formed of monetary and non-monetary reward elements. Typical monetary elements are base salary, fringe benefits, personnel benefits and different types of short and long term incentives. Non-monetary elements include for example the work content, development opportunities, positive feedback, working environment and flexible working arrangements.

Total rewards is formed of monetary and non-monetary reward elements.

Our professional services are:

  • Defining the total reward philosophy and guiding principles
  • Defining the remuneration policy and key processes
  • Developing the employee and management remuneration
  • Designing short and long term incentive plans
  • Sales salary structures, incentives, bonuses and commissions
  • Rewards and commitment structures in mergers and acquisitions
  • Internal and external salary analyses, interpreting and utilizing salary data
  • Gender pay analysis, male and female compensation differences and groundings
  • Designing salary tables and the structures for base salaries
  • Designing salary increase principles and processes
  • More efficient utilization and bidding of salary market data (e.g. Mercer, KF Hay Group, Willis Towers Watson, Aon Hewitt)