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COMPENSATION & REWARD MANAGEMENT
Employee compensation issues typically
dealt with by Human Resources Practice address questions such as:
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Are
compensation strategies and policies in line with competitive
trends and responsive to domestic and cultural needs? |
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Are allowances,
benefits and perquisites and the retirement plans sensitive
to the corporate objectives and their realization? |
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Are compensation
practices competitive and cost effective and yet responsive
to corporate goals and philosophy? |
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Are compensation
packages responsive to the advantages and benefits conferred
by the tax law for optimization of tax benefits? |
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Are employment
contracts and documentation of retirement schemes designed in
a manner benefiting the business enterprise and the employees? |
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The Compensation Management services
provided by the HR Consulting Practice of Sidat Hyder can assist
clients in ensuring that clients compensation structures and practices
are consistent with market norms and trends and are internally consistent
across functions and at various hierarchical levels.
COMPENSATION SURVEYS
Discover
what the latest trends in compensation are in the market and in
your industry. We conduct compensation surveys specifically designed
and conducted to measure how you stand with respect to the market
and to your competition. Make an informed decision about your company
and about the future of your employees.
COMPENSATION STRUCTURE DESIGN
The HR Consulting Practice and
Sidat Hyder is routinely called upon to design compensation structures
and benefits packages for their clients. Our approach to is to ensure
that the structure thus created for the client is internally consistent
with the organization's own goals and objectives externally responsive
to changes in the market place. We try to ensure that the designed
compensation and benefits structure conforms not only to industry
norms but also rewards initiative and productivity from the employees.
But above all else, we ensure that the structure you receive from
us is geared to help you attract and retain the quality manpower
you need to succeed.
EXECUTIVE COMPENSATION
Executive Compensation is
key component of the Compensation Management services offered by
the HR Consulting Practice at Sidat Hyder. Decision makers and Boards
of Directors determine the ideal balance by which senior executives
are to be attracted and compensated. Some of the key considerations
we evaluate when designing an executive compensation package include
governance, equity and share holding, profit sharing, bonuses, memberships,
perks and privileges.
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Compensation
Structure Design |
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Support required for |
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Consistency
with corporate objectives |
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Competitiveness
within market and industry |
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Compliance
with applicable laws and regulations |
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Cost
and tax effectiveness, both to employer and employee |
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