TOTAL REWARDS
In a competitive environment, where the war for talent is one of the leadership’s top concerns, one cannot undermine the importance of Total Rewards in attracting, engaging and retaining talent. At Palo Santo, we partner with the organizations to design their overall Total Rewards Strategy and Policy to attract, engage and retain talent.
Our team can help in developing Job Grading Structure which truly reflects the relative worth of each position within an organisation by using Job Levelling system. This is a comprehensive job evaluation tool for management.
Our Total Rewards solution offers Compensation & Benefits Benchmarking Surveys customised to our client’s industry capturing the market trends. We also help our clients tailor employee-friendly benefits as per organizational needs by designing a flexible and market driven Benefit Plans.
We assist organisations in reviewing their strategic rewards - Long Term Incentive Plans. For our clients who constantly see the need to motivate their sales team, we can design detailed Sales Incentive Plans to boost sales performance. We also design Performance Incentive Schemes that are aligned to organizational and individual performance.
In addition to the above, we provide specific Total Rewards Budget Management services such as business case analysis, scenario building and cost simulation analysis for any Total Rewards related initiatives.
Our Total Rewards solutions include:
- Total Rewards Strategy and Policy
- Job Evaluation & Grading
- Compensation & Benefits Benchmarking & Structuring
- Flexible Benefit Plan
- Short / Long Term Incentive Plan
- Sales Incentive Plan
- Total Rewards Management & Implementation