Global Advisory Support
PAYMED is providing compensation strategy design, tools, execution support, and communication to stakeholders.
PAYMED has extensive experience in setting compensation strategy that targets market position according to organizational structure constraints. Our local-based approach combined with our in-depth overlook of Compensation & Benefits practices allows us to assist companies in compensation strategy design that is cost effective and reflecting local dimensions of pay.
PAYMED offers a full range of compensation solutions — from total compensation strategies to broad-based plan design. We also help you tailor communication strategies for specific audiences, ensuring that your workforce truly understands how pay and benefits add up to total rewards.
We are able to build-up streamlined solutions for the following Issues:
- Definition of compensation Strategy
- Organization Design and Job Architecture
- Position Evaluation Solutions and Implementation
- Framework and structure (platform) for key HR process and decision-making
- Benchmarking and Salary Structure Design
- Short-term and mid-term Incentive Plans Design
- Implementation and Communication Support
- Executive compensation