Design Fixed Pay
The Job Grades, established through Job Evaluation, are translated into Salary Grades, which build the Salary Structure. SmartReward Solutions can determine design factors such as:
Design Variable Pay
Variable Pay can be individually or group based, short term or long term oriented and is expressed in a monetary value, such as money, share options and/or stock. Based on the benchmark we can design a self-funding bonus system and determine the ratio between Fixed and Variable Pay. In addition, we can identify the various internal and/or external financial and non-financial SMART objectives that focus efforts and boost performance.