A company’s remuneration Philosophy, strategy and structure/ policy flows from the Human resource Strategy which is in turn informed by the company strategy as a whole. We are skilled in advising companies on the subject, ensuring alignment between the company’s strategies as well as incorporating the guiding principles of King IV.
It is a key component and an essential tool to be used to drive the correct behaviours. If remuneration is misaligned with the desired strategy, unnecessary stress will develop within the organization and resources coupled with unnecessary spend is wasted.
Attracting, retaining and motivating or engaging employees is not only about remuneration. It’s about the total Employee Value Proposition (EVP) offered to an employee. If an organisation is to be successful in the war for talent, then it needs to address the areas that are seen to add value to the employee’s perception of working for the organisation.
Remuneration Consulting will partner with the relevant stakeholders on this very important component of a company’s strategy, providing best practice recommendations and alignment throughout the process.