compensation strategy

providing the right compensation plan is essential to attract and retain talent at all levels. However, if you want to achieve results from the reward plan, it means the right strategy, clever design and effective implementation.
We work closely with our customers to understand their business goals, performance goals, and what motivates our employees. We use our deep understanding of people and performance to help customers formulate the most suitable salary and incentive plan for the organization to motivate employees and improve performance.
In general, we will first discuss with the customer's management and HR to determine what their compensation strategy is based on the overall strategy and culture, which can answer the following questions:
-What level of total compensation can the company afford?
What kind of advantages do you want to build compared with your competitors?
How can employees be put into the company's mission and strategy?
How can we attract and retain talents more effectively?
The design of the compensation system also includes the following:
Job evaluation and grade establishment
-Market data and analysis and benchmarking
• Salary structure design
• Incentive plan design
• Compensation management strategies