inTouch was engaged by a contract manufacturing firm based in India and serving clients clients internationally, to develop and deploy an Incentive and Rewards system that drove direct results in areas of - Performance Management, Talent Recognition, Rewards and Retention as well as strong Top- and Bottom-line impact
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Performance management v1.3
1. Incentive & Rewards Computation Solution Case: For a large Contract Manufacturing firm serving Automobile companies across the globe
2. Analysis of Increments & Rewardsinputs to the analysis / rewards modeling process Some queries – Does the existing rewarding structure / policy sufficiently discriminate between different employee types [different BU teams, different capabilities, new hires, loyalists]? Do they factor in market dynamics such as demand and supply for the various profiles? by skill / capability / salary levels by region and hiring geography 7/23/2010 2 Increment & Rewards Computation
3. Analysis of Increments & Rewardsinputs to the analysis / rewards modeling process Some queries – How are incentiveactions benchmarked with market practices and by how much does each market and internal attribute determine incentive actions? by business unit by profile / capabilities by experience levels 7/23/2010 3 Increment & Rewards Computation