Reward

Compensation and reward programmes must do more than just drive your business.

The disclosure and governance rules regarding executive compensation and incentive plans are now more complicated, putting your organisation under closer scrutiny.

Companies need effective reward programs. Striking a balance between employee expectations and cost is a challenge, especially in light of the rapidly changing tax and legal landscape but also the workforce of the future. At PwC, we listen to your strategic goals and work with you to design a reward programme that supports your business and is advantageous to all stakeholders.

Your Challenges

  • aligning your reward strategy with your business objectives to create value for all stakeholders
  • ensuring your reward plan is competitive in the marketplace and reasonable to shareholders
  • Optimizing your reward strategy to motivate and retain talent
  • Ensuring your reward plans are tax and cost efficient, even in a X-border situation
  • aligning compensation policies within your organisation in both transactional and non-transactional contexts
  • complying with new legislation and corporate governance codes
  • implementation, support and vendor selection

How PwC can help you 

We will assist you in answering the all of your compensation & benefits questions, with particular emphasis on the areas of Reward strategy & design, Pay-mix advice, Positioning, Compliance and Governance.

 

Explore our services

Make your reward and compensation strategy truly strategic

Make reward work for you

We listen to your strategic goals and work with you to align your reward programmes with them. Employee motivation, satisfaction and a competitive pay package are essential for attracting and retaining talent. At the end of the day, it’s all about people.

 

Your challenges

Do you remember why your reward programme was put in place? 

Is its purpose still relevant? 

Does your reward programme support your talent agenda in terms of recruitment, development, motivation and retention?

Does your workforce understand their reward package? 

How PwC can help you 

We work with you to determine your reward strategy and make sure it’s aligned with business objectives. From guidance during strategic workshops and support for the design of tailor-made incentive programmes to more concrete actions such as pay-mix advice over performance alignment and target setting to formulating your new remuneration policy.

Contact us

Peter De Bley

Partner, Brussels

+32 (0)2 710 4321

Email

Bart Van den Bussche

Director, Brussels, PwC Belgium

+32 (0)2 710 7443

Email

Being seen as an employer of choice and providing the right compensation package to key executives and top management means you’ll be able to attract, motivate and retain the right people while optimising their employee cost.

 

Your challenges 

When choosing the reward package to offer your top management, ask yourself three questions:

  • What is the most appropriate – and most optimal – legal status for an executive to carry out his duties?
  • How can the reward package be optimised from tax, social security and labour law perspectives?
  • Are you comfortable the package supports stakeholders’ values?

How PwC can help you 

Our team can guide you to finding the most suitable, legally compliant status based on a structured approach. Along the way, we’ll:

  • analyse the feasibility of the proposed executive remuneration model from both corporate legal, tax and social law perspectives
  • address shareholder and board resolutions setting up executive and management committees or day-to-day management arrangements
  • advise on and prepare legal documentation on equity-linked reward schemes such as stock options and warrants RSU, plus employee profit-sharing instruments
  • implement a flexible, cost-neutral SmartReward programme
  • identify and quantify opportunities, assess and quantifying risks
  • propose recommendations and solutions that meets the organisation and the executives needs and interests
  • implement the chosen solutions

Contact us

Bart Elias

Partner, Brussels, PwC Belgium

+32 (0)3 259 3156

Email

Bart Van den Bussche

Director, Brussels, PwC Belgium

+32 (0)2 710 7443

Email

Bart Lombaerts

Director, Antwerp, PwC Belgium

+32 (0)3 259 3255

Email

Christiaan Moeskops

Personal Tax Partner , Brussels, PwC Belgium

+32 (0)3 259 3236

Email

Satisfy workforce expectations and governance requirements

Compensation and reward programmes should motivate the people who drive your business. Disclosure and governance rules regarding executive compensation and incentive plans have become more complicated and part of the public debate, putting your organisation under closer scrutiny. At the same time, workforce expectations and needs are changing rapidly and adapting to a new way of working.

We can help you develop a market-driven total compensation programme that meets executive and employee expectations, while satisfying governance and outside review. 

 

Your challenges

  • Are your reward packages optimal from a tax, social security and labour law perspective?
  • Are your reward plans cost efficient in all relevant jurisdictions?
  • Do you comply with new legislation and corporate governance codes?
  • Do you measure which reward components really matter to your employees?
  • Can you increase return on your reward practices?

How PwC can help you

  • Analyse the feasibility of the executive remuneration model
  • Provide on-site support during board meetings or remuneration committees or the preparation thereof
  • Advise on and prepare legal documentation on equity-based reward schemes, such as stock options and warrants but also assistance with employee profit-sharing instruments
  • Evaluate the role of different components in a total rewards programme and provide insight into how    workforce motivation is linked to both financial and non-financial rewards
  • Increase your return on reward by looking beyond direct reward to a wider employee value proposition and consider to rebalance financial and non-financial rewards
  • Perform an international review of your reward plan from a tax, social security, labour law & regulatory  perspective

Contact us

Bart Elias

Partner, Brussels, PwC Belgium

+32 (0)3 259 3156

Email

Bart Van den Bussche

Director, Brussels, PwC Belgium

+32 (0)2 710 7443

Email

Bart Lombaerts

Director, Antwerp, PwC Belgium

+32 (0)3 259 3255

Email

Luc Legon

Director , Brussels, PwC Belgium

+32 (0)2 710 4355

Email

Reward in deals

Successful transactions consider all aspects of a corporation, not just the business or the potential synergies, but also the reward factor. Employee motivation can make or break a deal. Reward in transactions is often more complicated than stakeholders are aware. Aligning reward packages my lead to in depth restructuring or even a cancellation of certain reward elements. Moreover, next to job security and changes in compensation one of the key concerns for employees is the impact on their existing equity incentive plans. So, making sure their reward package remains attractive is crucial. 

 

Your challenges 

  • Are there any liabilities and or opportunities regarding social security or wage withholding tax?
  • Is the buyer comfortable with the current reward practices?
  • Can management and employees remain motivated pre -and post-deal?
  • Are differences in terms of reward approach for corporations compared to private equity-backed companies in terms of business specifications handled?

How PwC can help you

  • Identify and quantify opportunities
  • Asses, quantify and help managing risks 
  • Advise on the tax and social security consequences of equity-based reward schemes & management participations both locally and international
  • Assist with the review of legal documentation
  • Advice on exit considerations
  • Assist with the drafting of an exit waterfall (based on the business plan) to estimate the potential return on investment
  • Help merging reward packages
  • Help management and employees understanding the impact of the transaction on their reward package

Contact us

Luc Legon

Director , Brussels, PwC Belgium

+32 (0)2 710 4355

Email

Bart Van den Bussche

Director, Brussels, PwC Belgium

+32 (0)2 710 7443

Email

Bart Lombaerts

Director, Antwerp, PwC Belgium

+32 (0)3 259 3255

Email

Do you really pay for performance?

Further to the increased scrutiny from public and more defined stakeholders, (non-)executive directors and remuneration committees are expected to act decisively in the field of corporate governance. Our experience may help you lead and support discussions regarding (executive) remuneration via market surveys and analyses based on strategy, performance, comparative analyses and scenario analyses. 

Such analyses can help remuneration committees or (non-)executive directors determine the appropriateness of the remuneration policy being considered or already in place against the relative performance of the company as compared to that of peer companies.

Scenario analyses and cost/benefit calculations may also help to further fine tune the remuneration policy to calibrate possible pay outs to different levels of company performance. 

Annual Remuneration Survey for executive and non-executive directors and Compliance with the Corporate Governance recommendations

PwC's remuneration surveys for executive and non-executive directors provide an extensive overview of the salary packages paid to directors (i.e. base salary, variable salary, Long Term Incentive Plans, company car, pension and other perquisites). 

Our remuneration survey for non-executive directors provides data unique in the Belgian market.  Our Corporate Governance survey examines the compliance of organisations with the Corporate Governance code.


Tailored surveys

We also help organisation with tailored benchmark surveys whereby the approach and participants to the tailored survey are agreed in consultation with you.

Contact us

Peter De Bley

Partner, Brussels

+32 (0)2 710 4321

Email

Tom Verboven

Senior Manager, Brussels, PwC Belgium

+32 (0)2 710 7479

Email

Bart Van den Bussche

Director, Brussels, PwC Belgium

+32 (0)2 710 7443

Email

Reward communication & admin support

Any changes to the reward practice will likely trigger questions from employees. They should be provided with adequate information from the start, but not overloaded with it. It is important to carefully consider what should be communicated at which stage. An analysis of the impact of the envisaged changes may help to plan and spread communication.

 

Do you struggle with

  • Finding the right vendor
  • The necessary resources to support implementation
  • How to communicate changes?
  • How to prepare exempts for the changes?

 
We can help with

  • Vendor selection
  • On-site (implementation) support
  • Preparing and implementing a communication toolkit
  • The preparation of total reward statements
  • Training

Contact us

Peter De Bley

Partner, Brussels

+32 (0)2 710 4321

Email

Bart Van den Bussche

Director, Brussels, PwC Belgium

+32 (0)2 710 7443

Email

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