Reward Systems are a critical part of any organization’s design. How well they fit with the rest of the systems in an organization has an important impact on how effective the organization is. The reward system must be based on organizational philosophy and strategy and will contain several arrangements in the shape of policies, guiding principles, practices, structures and procedures adequately designed to provide and maintain appropriate types and levels of pay, benefits and other forms of reward.
PLAS works with clients to ensure that reward management strategies support the achievement of the organization’s business strategies and satisfy the needs and aspirations of employees for security, stability and career developments as well as they achieve internal equity and external competitiveness.
Our Reward Management Services aim to:
- foster retention and motivation of key people
- set up an effective compensation policy useful for all the company’s employees
- implement a well- designed incentive scheme
- align individual behavior with corporate objectives