Performance & Reward

In a competitive global business environment driven by human capital, improving Performance & Reward processes within an organisation is critical to attract top talent. Similarly, existing high performers must be identified and rewarded accordingly in order for an organisation to develop strong, long-term retention capabilities.

Properly designing these important policies and processes will not only increase employee engagement but also support succession planning. Moreover, effective Performance & Reward policies reduce staff turnover and decrease recruitment costs.

Oxford works with HR teams and senior management to help clients identify Performance & Reward issues and implement best-practice solutions. In this way, Oxford continually transfers knowledge to the client HR team – ensuring that once Oxford leaves, the client understands the logic, theory and practical manner in which new policies are written and implemented.

Services

  • Policy and procedure review
  • Reviewing job grades
  • Rationalising salary structure
  • Realigning employee remuneration
  • Establishing scoring and grading system
  • Benchmarking salaries and benefits
  • Producing salary ranges
Case Study

Oxford Strategic Consulting undertook a comprehensive review of the Performance & Reward policies and processes for a major Saudi client in the oil & gas sector. Oxford then drafted revised policies, conducted a series of workshops on the importance of effective Performance Management and implemented key process improvements. The policy review and improvements enabled the client to develop its human capital in a logical manner, reward people appropriately and better identify both high performers and high potential employees.

Please contact us for further details about any of our services, and we will be happy to help.

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