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How an organization approaches total reward - cash
compensation, stock awards, recognition and benefits -
sends strong signals to the workforce about the culture
and what is valued.
It is commonplace to have a reward
system that is not integrated into or aligned with the business
goals and organizational strategy. This sends mixed signals to
the organization and dilutes performance.
Linking reward to the desired business results, delivering it in such a way as to drive
appropriate behaviors, be market competitive, reflect best practice,
align with the organizational culture and deliver desired
results are vital components of an effective reward system.
Simpson-Rich has deep global experience in designing and
delivering effective reward systems.
Reward services include:
- Establishing compensation strategy
- Executive and Board compensation
- Market competitiveness and best practice benchmarking
- Designing compensation and incentive bonus programs for all organizational levels
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"I recently asked Simpson–Rich to support me in a Global Management Team compensation benchmarking exercise; I found Simpson-Rich to be professional, knowledgeable and highly responsive and flexible. I was very happy with the finished product and would not hesitate to engage them again."
Roger Carthew, Vice President Human Resources, Hästens Sängar AB
"What set the Partnership
apart was how they got
to the end result ...
they were competitively
priced but it came down
to Andy and Sandy
as individuals.
I highly recommend
Andy and Sandy
... they possess the
skills, bench strength
and abilities
to successfully execute
for us that resulted in
excellent outcomes."
Bob Fahlman, ex-CEO Paradigm Management Services, a Sterling Partners Portfolio Company. Currently Chairman & CEO, Arcadian Health
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