The PwC Reward Advisory Team help a wide range of organisations in Ireland improve their business through the practical application of reward management. Working closely with companies of all sizes, we provide the following services:
- Reward Strategy
Assist organisations to tailor their reward strategies with a focus on both internal and external factors such as:
- Ensuring a fit with organisational culture
- The ownership structure
- The mix between long / short and fixed / variable pay
- Non-monetary benefits e.g. learning & development and flexible hours.
- Benchmarking
Provide remuneration data from basic ‘job-pricing’ to full remuneration reviews across entire workforces. Use in house survey-based databases providing information on all aspects of remuneration enabling companies to:
- Ensure packages remain competitive
- Identify possible weakness in the various components of reward
- Determine their reward policy
- Rewarding performance
Advice on all aspects of rewarding and recognising performance, contribution and competence, including performance management processes, all-employee incentive arrangements, sales and service staff incentives and share plans.
- Job evaluation
Help organisations understand the relative ‘size’ of jobs, examining accountabilities and competencies, and enable them to build a suitable pay and grading structure.
- Remuneration Committees
- Assist Remuneration Committees to develop procedures for setting high level executive remuneration
- Provide up to date information on pay practice tailored to the organisation’s sector, size (employee number / market cap) and complexity.
- Corporate governance
Ensure companies understand and comply with their corporate governance responsibilities e.g. under the Combined Code. Assist organisations to liaise with their main stakeholders
- Incentives
Advice on all forms of incentives for the entire workforce. Design annual bonus plans and longer-term incentive plans, whether cash or share based, to ensure they are both motivational and a good ‘fit’ with business objectives
- Performance measures
Key to rewarding executives for delivering business success is selecting the correct performance measures and measurement period. Advice on appropriate measures for short and longer-term incentive plans whether financial metrics or, increasingly, non-financial metrics such as customer satisfaction and environmental.
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Surveys
Surveys under our “Snapshot” banner include:
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