Compensation and Total Rewards
There is a lot to consider when designing your total rewards program. We make sense of it all.
Can you attract candidates with the right skills and experience needed to support the organization? Are you able to retain talent? Are you able to achieve desired behaviours, and outcomes needed to achieve success? MEDAL HR will effectively design a total rewards strategy that aligns employees with the organization. We will implement and analyse the impact of the compensation and rewards plan against business results.
Commission Plans
Commission plans need to be strategic and designed to promote desired behaviours and align commercial professionals to company direction.
A company can select from several options including; revenue generation, increases in gross margin, the expansion in to new markets, and increasing market share, as potential targets. A clear understanding of business objectives will set the foundation for successful commission plans.
Commission plans will be designed to encourage and reward desired behaviours that align commercial employees with the goals of the organization.
Variable Pay and Incentive Plans
The type of variable pay program chosen sends a powerful message of what is important to the organization and acts as a mechanism to reinforce culture.
We carefully design short-term and long-term incentive plans to align employees with corporate mission and to align with other functions within the organization.
We consult with leadership to understand business strategy. We then determine variable plan design and targets to be set, employee groups to be included on the plan, and the appropriate incentive amount to award.
Base Pay Compensation Strategy & Design
We will design a pay strategy that will support the business strategy.
- Gather marketplace and competitor pay intelligence.
- Create strategies that support the attraction of candidates, and promote engagement and retention of employees.
Other Total Rewards Solutions
Additional total reward options that can be customized for your organization.
- Bonuses
- Benefits strategy and design
- Pensions strategy and design
- Spot awards
- Recognition awards
- Years of service awards
- Other solutions to support initiatives, desired behaviours, programs and achievements in the organization`
- Human Resources and Employee & Culture Solutions
Contact us
today to discuss your specific HR needs or to learn more about how we can design effective HR solutions to support your business mission, vision, and strategies.