Compensation and Benefits (C&B)

One thing that can undermine a good working environment is when people’s pay is affected, through delays, errors or any other reason. It is of utmost importance for people compensation process to work smoothly, reliably, and with least amount of interaction.

Additionally, it is important for people to understand how their remuneration is worked out. It may be a simple salary plus benefits structure, or it can range to a complex system of multinational, multi-status system catering for a range of complex pay tranches and pre/post-employment benefits. Irrespective, it is always beneficial for staff to have a fundamental understanding of how the system (if not the process) works, and to perceive merit and fairness in compensation. It is more important if performance related bonuses introduce significant disparities in pay levels.

P3A will examine existing system, benchmark and suggest improvements. We can also look at relative remuneration levels and their impact on business in terms of metrics such as turnover, ability to attract talent, and staff motivation. Non-monetary elements of employee remuneration will be examined and evaluated for effectiveness. Often, significant improvement can be achieved through rearrangement of benefits rather than simple pay increase.

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