Incentive & Rewards Computation Solution<br />Case:<br />For a large Contract Manufacturing firm serving Automobile compan...
Analysis of Increments & Rewardsinputs to the analysis / rewards modeling process<br />Some queries – <br />Does the exist...
Analysis of Increments & Rewardsinputs to the analysis / rewards modeling process<br />Some queries – <br />How are incent...
Increments & Rewards Computationvalue proposition<br />Attitudes, performance andcommitment levels<br />7/23/2010<br />4<b...
Individual BUs<br />Increments & Rewards Computationapproach<br />BU Performance [5 year Historicals vis-à-vis goals]<br /...
Other benefits (monetized)</li></ul>Evaluate Cost / BenefitRank incentives by value added<br />7/23/2010<br />5<br />Incre...
7/23/2010<br />Increment & Rewards Computation<br />6<br />Increments & Rewards Computationscope and solution delivery for...
client benefits<br />7/23/2010<br />7<br />Increment & Rewards Computation<br />
our strengthswhat makes our human compensation analytics solution unique<br />7/23/2010<br />Increment & Rewards Computati...
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Performance management v1.3

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inTouch was engaged by a contract manufacturing firm based in India and serving clients clients internationally, to develop and deploy an Incentive and Rewards system that drove direct results in areas of - Performance Management, Talent Recognition, Rewards and Retention as well as strong Top- and Bottom-line impact

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Transcript of "Performance management v1.3"

  1. 1. Incentive & Rewards Computation Solution<br />Case:<br />For a large Contract Manufacturing firm serving Automobile companies across the globe<br />
  2. 2. Analysis of Increments & Rewardsinputs to the analysis / rewards modeling process<br />Some queries – <br />Does the existing rewarding structure / policy sufficiently discriminate between different employee types [different BU teams, different capabilities, new hires, loyalists]? <br />Do they factor in market dynamics such as demand and supply for the various profiles?<br />by skill / capability / salary levels<br />by region and hiring geography <br />7/23/2010<br />2<br />Increment & Rewards Computation<br />
  3. 3. Analysis of Increments & Rewardsinputs to the analysis / rewards modeling process<br />Some queries – <br />How are incentiveactions benchmarked with market practices and by how much does each market and internal attribute determine incentive actions?<br />by business unit <br />by profile / capabilities <br />by experience levels<br />7/23/2010<br />3<br />Increment & Rewards Computation<br />
  4. 4. Increments & Rewards Computationvalue proposition<br />Attitudes, performance andcommitment levels<br />7/23/2010<br />4<br />Increment & Rewards Computation<br />
  5. 5. Individual BUs<br />Increments & Rewards Computationapproach<br />BU Performance [5 year Historicals vis-à-vis goals]<br />Salaries & Increments<br />BU Teams<br />Optional:<br />Benchmarked InputsIndustry Salaries & Increments for thepast 2 years<br />Soft data related to company policies, culture,people demographics &aspirations<br />Different Profiles [5 year historicals]<br />Different Costs [5 year historicals]<br />$$<br />$$<br />$$<br />Recurring costs (per individual per month)<br /><ul><li> Salaries / Increments
  6. 6. Other benefits (monetized)</li></ul>Evaluate Cost / BenefitRank incentives by value added<br />7/23/2010<br />5<br />Increment & Rewards Computation<br />
  7. 7. 7/23/2010<br />Increment & Rewards Computation<br />6<br />Increments & Rewards Computationscope and solution delivery format<br />
  8. 8. client benefits<br />7/23/2010<br />7<br />Increment & Rewards Computation<br />
  9. 9. our strengthswhat makes our human compensation analytics solution unique<br />7/23/2010<br />Increment & Rewards Computation<br />8<br />
  10. 10. Thank you!<br />Call/Mail for Clarifications:<br />Arun PrabhuinTouch analytics private limitedemail: arun@be-in-touch.comPhone: +91-80-4120 3972 / +91-80-3292 9411Mobile: +91-96202-71950<br />

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