Staff Compensation & Benefits Management

Organizations are finding it difficult to keep pace with ever changing business environment while addressing many aspects of traditional compensation programs. We assist companies in designing and restructuring compensation structures aligned with their corporate and HR strategy. We also work with companies in designing innovative, objective and transparent performance based compensation policies.

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?

The Compensation Management services provided by the HR Mentors 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.

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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.

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COMPENSATION STRUCTURE DESIGN  

HR Mentors is routinely called upon to design compensation structures and benefits packages for their clients. Our approach 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.

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EXECUTIVE COMPENSATION

Executive Compensation is key component of the Compensation Management services offered by the HR Mentors. 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.