Your challenges
A major consideration among potential employees is an organisation’s compensation and benefits (C&B) package. They want flexibility and the freedom to choose the benefits that best suit their individual needs. For many organisations, however, the package they offer is a set of separate components that they keep building on without a vision for the future. With this approach, employees are often unsure what exactly their C&B are and if they correspond to their evolving needs.
The package you offer needs to be carefully planned and aligned with what people want, but also tax optimised. Regulations are constantly changing and you need to be informed to maintain a tax-compliant rewards package.
Any changes to your offering have to be properly communicated and administered within your organisation. Do you want to help position your company as an employer of choice by improving your C&B?
How we can help
We use our proven methodology to help you build a tailored C&B package that’s attractive to employees, but also tax optimised and cost neutral. Our experienced PwC C&B specialists will organise a workshop with you in which we analyse your current offering and benchmark against best practices.
Based on factors like how you wish to position yourself on the market and the pay mix you’d like to offer, we present various scenarios from which we build a custom C&B package that’s in line with your strategy. During the implementation phase, we’ll assist with all aspects including legal, policy, communications and administrative considerations.
We’ll also compare different providers to get you a view of the best rates on goods and services, so you can offer a modern, flexible and cost-neutral C&B package that sets your company apart.
Total Reward optimisation based on employee preferences
We help you to tackle total reward-related challenges based data analytics:
- How to improve retention and attraction through the total rewards offering
- How to generate savings with minimal impact on employee preference (smart cost optimisation)
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