1

Rewards Strategy Develop a detailed rewards strategy for unique people needs Align key components of compensation like internal equity, competitive position, performance measurement to business imperatives and articulate them for managers and employees 

2

Internal Equity Employ Job Evaluation to ensure consistency and fairness Develop capability to establish and monitor internal equity in the organization; enable transition to new grade structures and effectively onboard key stakeholders to enhance effectiveness 

3

Market Benchmarking Drive external competitiveness in your talent marketplace Institute a robust approach to data sources, comparators and job matching; analyze benchmarking reports to price jobs appropriately across functions, levels and skills

4

Pay Management Enable pay for performance Design a framework for sound pay management and learn to create pay ranges and conduct analysis around outliers and range fitment to ensure pay parity 

5

Annual Budgeting Effectively manage pay and budgets Design annual budgets basis internal and external factors, manage salary transitions to drive high performance through effective budget distribution 

6

Short Term Incentives Design effective STI plans to enable business outcomes Deploy STIs effectively – plan types, design process, funding, communication, implementation, evaluation, key issues and solutions