Total rewards & performance management Improves productivity and shareholder return. The cost maintaining compensation and benefits schemes is typically a significant cost for organizations. Due to budget tightening, continued competition for critical talent, and the need to retain and motivate key performers, organizations are under intense pressure to improve the ROI on compensation and benefits expenditure.
Deloitte’s Total Rewards service offering can help you improve the value of C&B investment and improve employee productivity and retention.
Deloitte’s Total Rewards practice addresses overall business strategy, corporate culture, and global alignment of employee programs. Deloitte believes that a holistic approach to total rewards and produces the highest impact results at the organization and employee level.
Our teams support our clients to identify a powerful total rewards vision and value proposition, identify needs and opportunities, and design and implement the program.
Performance Management is the process of creating a work environment in which people are enabled to perform to the best of their abilities. It focuses on ensuring that the performance of the employee meets the goals of the job and organization. Performance management changes require specialized communication and education for all internal audiences—leaders and managers who need to reinforce and promote the process, HR practitioners who need to administer the changes, and employees who need to participate.
Our approach is 3-phased and includes: Develop a competency based Performance Management model , Develop and deliver a Performance Management training program, Implementation of the new PM model.