Reward

The right reward plans play a crucial role in enabling organisations to attract and retain key staff and achieve their objectives. The team at PricewaterhouseCoopers can assist you in implementing programmes that meet the needs and strategy of an organisation, while complying with regulatory issues.

Recent changes in the ways in which employees can be rewarded mean that the public sector is better able than ever to compete for talent. PwC’s Government & Public Sector specialists in this area can advise you on the most effective reward strategy for your organisation.

Potential issues

• Concerns about recruitment, retention and staff motivation
• Need to confirm that reward plans are tax-efficient
• Need to ensure that your reward plans are competitive in the marketplace and to justify remuneration packages to stakeholders
• A lack of understanding among employees of their reward packages
• Need to comply with new legislation and corporate governance codes
• Desire to align reward strategies with the private sector

PwC services

• Evaluating, designing and advising on the implementation of national and international reward strategies, which complement business and HR strategy
• Pay benchmarking and job evaluation
• Executive compensation advice
• Employee communications to help staff understand their reward packages
• Designing and assistance in implementing a total reward approach, which takes into account pay and employee benefits
• Aligning reward systems with the client's overall performance philosophy and adapting these systems for different groups of employees within the organisation
• Advice on reward plans that are tax-efficient and legally compliant
• Pension planning advice