Compensation and benefits
Compensation is made up of salary and variable pay. It is, generally understood in terms of what compensation (salary and bonus) employees actually receive.
However benefits are the least understood element of reward. But benefit programmes can say a lot about what is important to an organisation, often more so than compensation. They can get in the way or deliver great value. A specialist benefit consultants we will help you develop an efficient and effective benefit strategy that is right for your business. Example projects include:
- Led project to close defined benefit pension plan to 1,700 existing UK employees, saving over £14m pa
- Led project to introduce flexible benefits for 7,000 with 90% take up
- Led project to harmonise terms and conditions and benefits for 8,000 people
You might find these one page tips on Benefit strategy and Flexible benefits of interest.