Compensation is typically deemed as a hygiene factor – not getting it right has significant repercussions. This is one area where “right” has an uncompromising position – paying more or less both have their negative outcomes. Ricaedia brings strong global experience and understanding of compensation to help define the appropriate strategy, including philosophy, positioning, and structure, and to maximize the value of money invested while improving efficiency and effectiveness in administration.

Services

• Help define compensation philosophy for the organization and pay policies for employees
• Research industry compensation survey and benchmark data
• Create pragmatic and creative pay strategy
• Analyze and design compensation structure
• Help design and implement:
  • Merit and performance-based compensation plans
  • Incentive and bonus programs
  • Reward and recognition programs