Optimising reward and performance management

The challenge

An infrastructure support business had a goal to become one of the top five companies in its field. To achieve this it wanted to focus on modernising its HR processes and systems, in particular reward and performance management.

The company had also recently acquired a developer, manufacturer and seller of products in construction equipment, machine tools, forklifts and engines for the US, European and Asian markets. This new acquisition also needed to be aligned to the HR processes and systems modernisation strategy of the expanded company.

Our solution

• Conducted a competitive review and market gap analysis of the current reward arrangements, through analysis of key jobs and HR team interviews, that helped to outline a competitive reward strategy for the future.
• Helped define a peer group customised to each role that reflected the organisation’s market for talent and included both general industry and sector specific organisations.
• Informed the design of a global performance management system to help cascade the company’s business objectives to management level and incentivise the delivery of those objectives through a pay-for-performance system.
• Delivered a series of training workshops at the client site to help managers understand the workings of the system and how to write effective and cascaded objectives.

The results

The newly crafted competitive reward strategy provided the company with the tools to attract and retain top performers within its market place. The global performance management system delivered the company a long-term platform for focusing and incentivising its workforce to fulfil its core business strategy.

For more information, visit our Human capital section.