Attract & Retain... Reward

The attractiveness and flexibility of compensation and benefits packages are obviously important and impact on an employer's ability to Attract & Retain talent, particularly in the context of labour market globalization. However, reward schemes need to go beyond a simple salary mind-set.

Companies considered as “Employers of Choice” offer their employees more say in their compensation packages by making them more flexible and allowing staff to choose fringe benefits most suited to their individual needs.

How we can help you

PricewaterhouseCoopers has a local team of specialists able to help you develop and implement your reward packages. Combined with the strength and expertise of our international network,PricewaterhouseCoopers is able to leverage its knowledge to respond to your reward related needs whether they are in remuneration systems, incentive schemes, pension plans…

Salary benchmarking
Your HR challenges		Our solution approach
What is the level of remuneration to budget for a new hiring or for a new function? What is my position in terms of compensation plan compared to other companies of my sector? Do I have to increase the variable part of the remuneration for my employees?		Sector specific salary evolution surveys Tailored compensation & benefits benchmarking
Performance based remuneration system
Your HR challenges		Our solution approach
Is my bonus model aligned with my business objectives? Which key objectives could be set to determine my bonus policy? Do I have to increase the variable part of the remuneration for my employees?		Design of bonus models in alignment with business objective
Compensation & Benefits strategy
Your HR challenges		Our solution approach
How could I better reward my key people? Which model of compensation plan could I implement in my company? What is the level of efficiency of my compensation packages? What benefits can I offer my employees? Could a low package of remuneration explain my rate of leavings? How could I design the package for my executive team?		Review of existing and development of new compensation and benefits strategies and policies Definition of flexible benefits (A la Carte remuneration package or cafeteria plan) Outline of personal compensation for executive positions
Tax efficiency
Your HR challenges		Our solution approach
What are the consequences in his/her home country and in Luxembourg, if the employee participated in incentive schemes in his home country? Which tax efficient remuneration can be offered in Luxembourg? How can we structure the car policy tax efficient? How can the employees participate in the success of the company, without becoming shareholder of the company?		Take advantage of the global HRS network of PwC and consider Luxembourg and international tax planning opportunities regarding incentive schemes Offer an A la Carte remuneration package (cafeteria plan) Combine cash payments and non-cash payments Feasibility study on potential incentive schemes Implement non-stock quoted incentive schemes (e.g. performance-based equity plan, investment certificate rights, restricted stocks, phantom stocks, etc.)
Pension Plan
Your HR challenges		Our solution approach
Can the employees contribute to the pension system of their home country? If the employees participate in the pension scheme of the Luxembourg employer, does this have any tax consequences in the home country? How can we optimize our occupational pension plan? Where will the Luxembourg pension benefits be taxed once the employees return to their home country?		Consider EU regulations and multinational agreements Ask for a benchmarking report on benefits plans Ask for assistance in designing a pension scheme where both the employer and the employee benefit from Consider double tax treaties regarding pension payments and pension benefits
Job classification
Your HR challenges		Our solution approach
How can I build a coherent and harmonised remuneration policy ? How do I ensure “equal pay for work of equal value”?		Job evaluation and definition of salary classification Documentation of job positions, evaluation and classification