Performance and Compensation

Performance and Compensation

With our Performance and Compensation services you are able to keep your workforce passionate, performing, and focused. Hire the best talents in the industry with attractive salaries. Controlling the costs, establishing a fair and equitable remuneration to all, utilizing the compensation device as an incentive for greater employee productivity are some of the objectives of compensation. It is important to have clear-cut policy guidelines for any business regarding employees’ compensation. Also performance management helps in finding out the effectiveness of hiring and placing employees.

Compensation Management is integral to attract the best candidates. For this incorporation of competitive offers, in-band adjustments, market data, overtime, pay strategy, pay structure, and role changes are essential. Performance Management starts with performance planning, continues with coaching and counseling and ends with a performance evaluation. It actually keeps the candidates motivated to perform at their best. By taking a strategic approach to Performance and Compensation management we could attract, motivate and retain a highly skilled, diverse and global workforce with limited budgets. You can also engage employees, align to business objectives, and provide performance-based pay, bonuses, and rewards.

 

Our Performance and Compensation services involves following actions:

  • Developing clear job descriptions
  • Selection of right employees for right jobs with right selection process
  • Negotiating requirements and accomplishment based performance standards, outcomes and measures as and when required
  • Providing appropriate training, education and induction
  • Facilitate ongoing coaching and feedback
  • Conducting quarterly/half yearly performance development discussions
  • Designing appropriate compensation and appraisal system that rewards employees for their outstanding contributions
  • Providing career development opportunities for employees
  • Assisting with exit interviews to understand why loyal employees leave the organization