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Rewards and Compensation Management (peRCM)

We help clients to design and implement compensation programmes that reflect the organisation's business strategy, work culture, value of work, and employee performance. 

We work closely with our clients to understand their business objectives, their performance goals, their people—and, crucially, what motivates them. Then applying our knowledge of people and work, we help them develop reward programmes that engage employees, unlock hidden value and drive performance where it matters most.

pro-edge associates has a pragmatic and balanced approach, bringing together experts who understand the financial, organisational and behavioral aspects of reward. We have methodologies which are tested and proven in companies, and we tailor these methods to meet our clients' various leadership styles and cultures.

Effective rewards and compensation systems can help organisations:

Align rewards with business performance and work culture.
Provide a basis for a competitive and differentiated reward package that reflects the internal and external value of work.
Ensure that roles are effectively differentiated and leveled within the organisation.
Enable the internal equity of reward programmes – parity among and between employee groups.
Ensure the external competitiveness of the compensation programme so that compensation is positioned against the right comparator groups at the right levels.
Provide a link between performance management systems and how employees are paid.
Ensure employees have buy-in and understand new programmes and increase the commitment/engagement of employees

Pro-edge associates' deliverables are:



A commitment to working closely with key decision makers of the clients.
A clear understanding of business strategy, business model and goals, and work culture.
An understanding of reward strategy, helping to clarify this if necessary.
A help to develop clear priorities for compensation management programmes.
An understanding of the criteria that differentiates work in the organisation and apply those criteria to develop a hierarchy of value-added role contribution in the organisation – through bands, grades, career families or broad band approaches.
An analysis and understanding of potential compensation equity issues and their impact on compensation design.
An analysis and understanding of the competitiveness of the compensation programme against relevant external markets.
A well developed compensation plan designs that are aligned with the requirements of the business and the reward strategy.
An understanding of the best practices in other organisations with insight into why different types of plans tend to be used by different organisations.
A model with outcomes and costs of alternative plan designs and understand cost and accounting implications for the organisation.
A developed detailed plan design and help to implement and communicate.
   

We work on:

   
Employee Commitment
Salary Systems
Total Remuneration
Benefits Design
Communication & Implementation
Long-term Incentives/Variable Rewards
Short-term Incentives/Variable Pay
Reward Architecture
Executive Rewards
Strategy & Design
Review & Ongoing Advice
Review & Ongoing Advice
Governance, Disclosure, & Compliance
 
 
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