Remuneration & benefits
Every organisation needs to
establish clarity on the principles of their remuneration system.
- A consistent logic
for basic reward and contract terms.
- When, how and on what
basis salaries are reviewed.
- The role of managers
in determining pay.
- Advantages (and
otherwise) of pay scales.
- The design and
purpose of bonus and commission schemes - a notorious trap for
employers.
- Pension schemes -
why, funding rates, what is "pensionable" (e.g. bonuses?).
- Cars - why,
alternative allowances, tax effectiveness.
- "Grading" - are
grades needed, the link with benefits entitlements, advantages (and
otherwise) of job evaluation. Note that several HRCA consultants are
skilled in application of Hay job evaluation.
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