Rewards

Align What You Give to What You Get

While the power of an effective rewards program can be significant in influencing behaviour and building competitive advantage, the impact of an inadequate, short-sighted program can be debilitating. Paradigmz helps clients define, design and deploy workforce and executive reward strategies that drive organisational success.

Total Rewards Strategy

For many years, reward programmes were largely seen as a basic necessity to attract and retain competent employees. However, as markets and organisations have evolved, so has the meaning of rewards to employees. Now encompassing compensation, benefits and career issues - i.e. training, development and opportunities - this broader rewards concept is tightly linked to how employees perceive the overall value of working for an organisation.

Bringing together all the elements of total rewards is a far greater challenge than simply setting a competitive pay level or replicating other companies' reward practices. Every organisation has its own unique culture, workforce and business objectives that must be carefully considered for a rewards strategy to be successful. Whether part of a reorganisation, merger, acquisition, launch of a new division, or adjusting to competitive forces, we provide clients with a total rewards system that aligns employee motivation and productivity with their defined roles, performance measures and of course, the organisational strategy.

Workforce compensation

From this foundation, we design all aspects of employee pay programs, including systems that covers all elements of total direct compensation - such as base, guaranteed allowances, short-term incentives or bonuses, and long-term equity through stock or other accumulation plans - performance or success-based pay systems, and job, incumbent and team rewards programs.

Executive Compensation

By balancing your need to attract and retain critical executive talent against your need to focus management's energies on delivering economic returns, Paradigmz builds compensation programs that create value for your organisation. We determine what financial measures drive success and create value, shifting the focus from job responsibilities to individual and team performance. We tie executive compensation and benefit programs to improve stakeholder value - part of our ongoing focus on linking people strategies with business strategies.

Our executive compensation services include:

• Ensuring that compensation programs support business objectives and shareholder interests;
• Developing criteria for evaluation and reward of individual, team, and organisational performance;
• Matching compensation and benefits package to the risk and market profile;
• Designing compensation programs that blend base salary, short- and long-term incentives and executive benefits.