Total Rewards Management
Total Rewards
At K7, our rewards management services are designed to be comprehensive, strategic, and tailored to meet the unique needs of your organization. We offer a wide range of solutions aimed at ensuring your compensation practices are not only competitive but also aligned with your business objectives and market practices.
Rewards management plays a critical role in the attraction and retention of best talents in addition to the integration with your employees’ promotions and career development activities.
Our Methodology
Development or Update of Pay Strategy: We develop or refine your company’s pay strategy, ensuring it aligns with your overall business goals, organizational culture, and long-term vision. Our approach includes identifying the right competition and peer groups to benchmark against, ensuring your pay strategy positions you as an employer of choice in your industry. We tailor the pay strategy to reflect your organization’s unique priorities.
Pay Benchmarking: We conduct thorough pay benchmarking to compare your compensation packages—salary scale, benefits and allowances—against identified peer group.
Variable pay: We design and optimize variable pay components, such as bonuses, incentives, and profit-sharing plans, to drive performance and align employee efforts with business goals.
Retention Schemes: We design rewards programs that recognize and reward high performers, top talents and leaders fostering loyalty and long-term commitment.
Flexible Benefits: we offer flexible benefits schemes allowing employees to choose the benefits that best meet their needs, increasing overall engagement and retention.
Value Added
Industry Knowledge
K7 team brings extensive experience in rewards management, combining industry knowledge with practical insights.
Working Closely with Leadership
We work closely with your leadership and HR teams to ensure seamless implementation and long-term success.
Best Practices
We apply a transparent and effective approach that is aligned with best practices.
Flexibility
We provide flexibility utilizing different pay surveys and different job evaluation tools in mapping the grades.