Reward and Recognition
Reward and Recognition
Rewarding the value added by people
The ‘people factor’ is central to any successful business transformation. Rewarding and recognising the value of people is critical to effective retention of talent, and to the performance of the business, providing reward strategies that are linked to the performance of individuals.
Capgemini Consulting offers one of the widest reaching HR services portfolios in the industry, we are experienced in determining an delivering Rewards and Recognition services across all industry sectors.
Capgemini Consulting works collaboratively with clients to help design appropriate and innovative reward and Total reward strategies and has worked with major organisations including a global media organisation, a large government department, and a major UK bank. We have experience in building reward solutions, helping our clients manage the change associated with reward and helping to ensure the identified benefits are achieved, including delivering innovative and smart performance management frameworks that protect reward investment and drive a culture of high performance.
This section includes:
The benefits of Reward and Recognition strategies:
An effective Reward and Recognition strategy delivers measurable organisational benefits. Effective reward and recognition will:
- Help organisations to achieve their recruitment and retention objectives
- Enable organisations to build on holistic improvements in the wider HR and people proposition
- Align people’s behaviour with business strategy and organisational objectives
- Align and connect performance management, personal development, reward and career progression
- Drive a high performance culture
- Achieve more value from benefits spend
- Communicate the value of total reward to an organisation’s employees
Capgemini’s approach
The Capgemini Consulting approach to Reward and Recognition is based around working collaboratively with clients to answer critical questions and deliver solutions in five main areas:
- Reward solution development: We work with the client to build a vision and roadmap for the strategy, and to build the design of reward module options and components. We also build complex models to evaluate the cost and benefits of the solution.
- HR Insight: We work with the client to evaluate how a reward framework will impact on and enable the wider HR strategy; and to develop a strategy to communicate the benefits and the relevance of such an approach to all interested parties.
- Change Management: We work with the client to communicate the reasons for the change and transformation programme with a view to minimising resistance and maximising brand impact.
- Stakeholder Management: We work with the client to build an HR infrastructure which adds value at all levels of the organisation. This includes engaging with business sponsors, key stakeholders and the wider business.
- Project Management: We also evaluate each offering and model the return on investment from individual benefits as well as developing a risk management strategy across the programme.
Capgemini capabilities
Capgemin Consulting’s ‘Total Reward’ team is made up of individuals with several decades of experience in benefits and reward management. It has experience in three key areas: cash compensation, deferred or incentive compensation, and benefits.
- Cash compensation: The team is responsible for ensuring that the core compensation components of employees’ total reward (i.e. salary, bonus and other allowances) are market competitive, in line with job levels and seniority, as well as other performance related components and strategic objectives. It generally consists of a number of compensation specialists, as well as a team of data analysts/managers, who focus on reporting requirements and any compensation data change processes.
- Deferred or incentive compensation: The team consists of both compensation and tax specialists. They are responsible for aligning compensation and benefits with performance objectives with a focus on senior executives.
- Benefits: The team consists of specialists responsible for designing and setting up benefits programme which are compliant with legislation, market competitive and in line with the company’s HR strategy. Typically the focus would be on Total Reward and leading edge Flexible Benefits schemes.
We can help you assess where your organisation is in terms of its Reward and Recognition requirements.
Success Stories
Global media organisation
Capgemini Consulting worked with this organisation to develop the reward strategy as part of an overall HR strategy project. We inputted our expertise and project managed the review of the pay and reward framework which included an analysis of pay awards and job families.
Large government department
Capgemini Consulting conducted a reward review for this central government agency including assessment and facilitation of reward framework options and detailed design of the preferred option. Working to an accelerated time plan, and partnering with a third party consultancy, the project delivered a current state review, 3 solution options and the detailed design of the preferred option in a nine week window.
Major UK bank
Capgemini Consulting led the setup and running of the annual pay and reward process which includes the payments of annual bonuses and salary increases based on employee and business performance for 35k staff. Capgemini provided project management, engagement with director level stakeholders, management of the day to day team.
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