Reward & Benefits

Having the right reward and benefits strategy is critical to attract and retain your people. Today, many organisations struggle to align their reward and benefits strategy with the demand of their workforce and fail to achieve their desired performance level goals with their reward and benefits strategy. Organisations must adopt competitive reward and benefits structures to attract people, while also considering long-term incentive schemes to ensure retention of key talent within the organisation. Restructuring reward and benefit schemes as a result of recent turbulent times could also be critical to maintain operations in the long-term.

How can we help

We can help develop a sustainable reward and benefits strategy that considers including account affordability, tax complexities, regulatory requirements and employee expectations. Our team of specialists has significant experience in:

advising on the right reward and benefits programmes to attract and retain your valued staff;
advising on competitive reward structures based on industry benchmarking and advising on benefits to promote wellbeing based on industry best practice;
advising boards and management teams on the appropriate structure of senior executive reward;
advising on long-term incentive schemes such as share options;
assisting with the technical (tax/regulatory) and administrative implementation challenges of incentive plans and reward structures;
analysing reward and benefits elements from a cost/benefit perspective to develop more efficient delivery of reward that is aligned with key talent’s needs;
designing and updating your performance management framework to be in line with your reward and benefits strategy;
assisting in ensuring fair and non-discriminatory reward and benefits policies as well as conducting equal pay assessments;
developing strategies to ensure that the delivery of the remuneration and benefits is both cost and tax effective;
providing advice on tax considerations related to benefits in kind and how these are calculated.

Why PwC?

We have a strong understanding and significant expertise within the field of people and organisation to design tailor-made solutions that fit your needs. Our experts can help your organisation navigate through the right path in a challenging remuneration environment. We are able to:

advise you on the different impacts of a reward strategy including employee engagement, legal, taxation and accounting;
Review your reward and benefits as part of the broader management ecosystem – including pensions/benefits, leadership, performance management, global mobility, employee wellbeing and business strategy;
use our industry expertise across our assurance, tax and advisory practices to help you with every aspects of your reward, benefits and equal pay programmes;
access research on emerging reward and benefits best practice and related issues.