Strategic compensation management
This is an ideal partnership for an organization that either does not have a developed compensation and benefits (C&B) function or has a strong need in this area and needs a domain expert to augment the existing HR/C&B team.
WNCL has a strong competency in this area and provides support for smaller companies that cannot afford a full-time head of C&B and can provide the service on an hourly basis and at key times for the organization. We also work with large companies by transferring knowledge to the local HR department or running projects for the client.
In what situations?
# changes in commercial or business strategy
# mergers, restructuring
# bonus system not working
# problems with employee retention
# no C&B function, no reward strategy
# large scale project in remuneration, motivation, benefits
# lack of experience in C&B
How does it work?
Three forms of collaboration are possible:
C&B Director by the hour – you hire an expert to help with a difficult project, change, help set up a C&B function or support your current HR team at a crucial time. You contract specific days for an agreed period.
Design Thinking Workshop – where the client leads the project themself, prepares initial assumptions, and the consultant moderates and transfers knowledge to the group during the workshop or mentoring meetings with the team. Together, we look for solutions. The consultant can join you at any stage of the project – in the initial phase, providing inspiration, direction and solution creation, and during the advanced phase, auditing the solution with a fresh pair of eyes, asking critical questions and contributing to the success of the project. This method ensures a very strong knowledge transfer to your organization.
Project support – a WNCL consultant leads the project, e.g. building a bonus system, review of remuneration and practices, along with building a remuneration strategy and nonfinancial benefits, etc. This is the classic consultancy approach, where the client’s resources are less involved, but also, knowledge transfer is not as strong as in Design Thinking.