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Presently, one-third of employers in Asia Pacific actually pay incentives to employees who do not meet expectations, research shows, pointing to a possible disconnect between organisational requirements and employees’ expectations. Further, when actual incentive funding levels fall below target, nearly four in five reduce the payout to top performers rather than other employees, once again indicative of the lack of effective differentiation between top and average performers’ pay.
Cue, the best total rewards consultancies. Entries in this category have successfully worked with organisations to design compensation plans, including pay benchmarking, benefits and salary structures. These consultants help clients ensure their pay strategy is designed and executed to meet business needs, while ensuring employees focus on what they need to do to help the company meet its goals.
The winners in the Best Total Rewards Consulting category at the HR Vendors of the Year 2018 awards, Singapore edition have been able to clearly show that such compensation plans have proven successful within their clients’ organisations.
Singapore – Best Total Rewards Consulting
Gold – Mercer
Silver – Willis Towers Watson
Bronze – Freelance Total Rewards
Want to know more about HR Vendors of the Year awards?