Internal Equity and Pay for Performance
Competence-related compensation, pay for performance and internal equity are key elements to reward the added value or contribution that an employee make.
Most companies have reorganised in the last decade in order to become leaner, more efficient and more flexible. This requires different competencies (namely know-how, skills and attitudes) of the workforce. The classic, rigid job evaluation systems are increasingly being replaced by policies which recognise the abilities of each employee and the need to reward the added value or contribution that they make.
- We help you to develop a comprehensive structure of your organisation, to put an evaluation method in place that suits your organisation and enables you to recognise the different levels of know-how and responsibilities in order to ensure internal equity
- Working closely with you, we develop an evaluation model of your workforce that reflects the different levels of ability and encourages your employees to improve their skills and know-how
- We help you in designing an appropriate salary structure that is based on the right balance between fixed and variable pay, with the aim of recognising the individual abilities of each employee AND to reward his or her contribution to pre-set objectives
- We help you in designing a management tool that enables you to measure each employee's contribution and to link his or her reward to that contribution