COMPENSATION & BENEFITS
Compensation is an important factor, if not the most important to employees. Unless compensation is provided no one will come to work, thus, compensation helps in running an organization effectively and accomplishing its goals.
It also has a significant financial and administrative impact on an organization. If the compensation offered is effectively managed it contributes to organizational productivity, however, it can also be to the detriment of an organisation.
Compensation provided to employees can be direct in the form of monetary benefits and/or indirect in the form of non-monetary benefits. Compensation does not include only salary but it is the total sum of all rewards and allowances provided to the employees in return for their services.
DCS CONSULTING CAN ASSIST BY:
- Analysing competitiveness of current employee benefit and compensation structures
- Advice on remuneration & benefit structures to help you stay competitive and maximize productivity and profitability
- We keep track of all relevant legislative wage determinations and advise you on relevant and required amendments to keep your compensation & benefits program compliant with relevant legislative and Sectoral determination prescriptions.
- Researching industry salary survey data
- Creating recognition and rewards programs
