“If you pick the right people and give them the opportunity to spread their wings and put compensation as a carrier behind it you almost don’t have to manage them” – Jack Welch
When an organisation uses a systematic approach to offer monetary value to the workforce as against the work done by them for the establishment it is known as Compensation. This is an instrument which is used by the organisation for a range of functions of the company. It may further be fine-tuned as per the business requirements, targets and resources at disposal of the establishment.
Employee benefits typically refers to retirement plans, health life insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc.
It’s Advantages:
- Upsurge or sustain employee satisfaction or morale.
- Hire and uphold proficient workforce.
- Accomplish internal and external balance.
- Remunerate and boost up crowning performance of the human resources.
- And also to deal with the compliances/unions within the organisation.
Compensation Benchmarking:
As a fine and skilful Consultancy in HR we promptly avail Compensation Benchmarking Solutions to our corporate and non-corporate clients. It’s a course of action to utilise internal job descriptionon the basis of Brand/Position/Function to jive with the prevailing spots in the industry, so as to ascertain the external market rate for each benchmarking position.This is of great magnitude to the establishment as it assists to revalidate pay levels and summarise the situational analysis to attract support and retain experienced personnel which follows-on for the definitive cost management of the organisation.
Diagnostic and Advisory Services:
Imparting cogent advice to our clients to identify and implement innovative compensation solutions cognizant of the varying market practices, making best use of our expertise and compensation data warehouse of organisations.
Compensation Aspiration Industry:
With complete allegiance we have been continually involved with the distinctive process of evaluating and accessing the aspirations, objectives and stages of salary of Top Management mavens through a well-planned process and suggest suitable strategies to all of our prominent patrons for the same.
Compensation Structuring and Restructuring:
“Employees are the greatest asset of the company – They’re your competitive advantage. You want to attract and retain best, provide them with encouragement, stimulus and make them feel that they are an integral part of the company’s mission” – Anne M. Mulcahy
Most organisations believe and work to extend maximum advantage of the compensation doled out its teams and hence, seek out our assistance to better the net take away salary amount of their workforce. We extend our services to enhance and restructure the salary and allowances with respect to the current Income Tax rules and prevailing practices.
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