Total Rewards

A great compensation strategy is essential to having the right people motivated and attracted to the organization. However, it is not easy to build a satisfying rewards strategy. While newer jobs keep getting generated, the demand for a working system which is transparent keeps getting high. The right approach to benefits is not ready-made. It needs to be curated in a manner that the culture and the right outcome is emphasised.

We understand the dynamics and keep innovating towards the most suitable strategy which focuses both on the employees and the organization. Our timely surveys, engagements, and assessments help us unlock the perfect rewards strategy which brings out the best for the organization as well as the employee at a personal level. We go further down at each level to understand what works best at what hierarchy.

The solutions we provide range in

Executive Pay & Governance

Executive pay is always under scrutiny by outsiders. ErgoTalent supports the management as they engage the shareholders and the public, build the executive pay roadmap, implement and communicate strategies. We understand that executive talent has its own criteria which affects the bigger issue of executive remuneration and talent management. We are also in a position to advise firms on how to balance executive rewards while respecting shareholder views.

Job Evaluation & Job Library
Job evaluation is a practice which seeks to provide some degree of objectivity in measuring the organizational value of a job and is important while determining the wage structure. It helps the management to recruit and employ the most apt employees for the appropriate jobs.
The Consultants at ErgoTalent help you in building your rewards strategy, provide accurate insights to evaluate your organization’s jobs and help establish a job library with job levels, job descriptions and titles.
Compensation Structuring
A compensation structure is a hierarchal group of jobs that are assigned to salary ranges within an organization. It directly reflects the value of a job both within the organization and the external job market. Compensation structuring ensures fair pay and market pricing analysis, making it easier to evaluate pay across job groups.

We help you design a market driven compensation structure and role specific salary ranges that will help attract and retain high quality talent.

Benefits Benchmarking
Benefits benchmarking helps employers balance specific, desirable benefits and plan elements that employees want or need with necessary cost-control measures.
The challenges today for benefits benchmarking are far more complex. As job descriptions are becoming more diverse, companies must align to meet the widely varying needs of employees. Along with changing demographics, new regulations, provisions, and requirements are leading to very significant changes in benefits planning. Employers are facing extremely difficult decisions as they begin to address the implications of various reforms. ErgoTalent helps businesses benchmark, understand, navigate, and finally plan their benefits to be market competitive, taking into account the needs of the different generations in the workplace.
Rewards & Recognition

Employee rewards are established to reward performance and motivate employees at an individual or group level. Rewards are usually separate from salary, intrinsic and extrinsic in nature and have a separate cost to company. The question that arises is as to what might be important for employee rewards; identifying the business goals which a reward program will support, identifying employee behavior which will reinforce the business goals, determining key measurements based on which reward programs will happen, determining appropriate rewards, and, finally, communicating the program to the employees. ErgoTalent helps you do this and much more to plan and execute your employee rewards program.

Payroll Outsourcing
ErgoTalent has vast experience in managing and handling your payroll-related activities, which include services such as maintaining employee records, calculating employee salary and wages, calculating bonuses, distributing payroll, and generating relevant reports.
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