In the current economic scenario attracting, motivating, and retaining the best talent is one of the biggest challenge & obstacles to growth over the next decade. Proactive organizations are finding ways to do this in a way that maximizes their investment in compensation and rewards.
Compensation Advisory services of Exito helps clients ensure their pay strategy is designed and executed to meet business needs, while focusing employees on what they need to do to help the company meet its goals. We help companies create programs that establish a direct connection between an organization's goals and objectives and an employee's focus and actions.
These services are provided through our Broad-Based Compensation & Executive Compensation. We also help you tailor communication strategies for specific audiences, ensuring that your workforce truly understands how pay and benefits add up to total rewards.
Our advisory services are also backed by extensive market research supported by data-driven decision making in an evolving marketplace, including:
Our Broad-Based Compensation Consulting Services Offer
- Total rewards strategy and designSales force effectiveness & their Incentive
- Compensation surveys
- Data solutions
- Broad-based pay analysis
- Pay equity analysis
A Human Resource audit analyses your organization's talent management system and provides solutions to overcome the challenges associated with it. It ensures that your organization follows the stipulated rules and regulations. HR audit is instrumental in reducing risk and liabilities, addressing the shortcomings, determining your strengths and working on the weakness.
HR Policy Manual Designing
The human resource policy manual is a guideline for your employees. It is the base on which they are going to conduct themselves in your organization. A company's HR policy manual should be strong and project the company ethos. Our management consulting services include HR policy manual designing which will convey your organization's ethics and expectations to your employees.
HR Process Re-Engineering
Cost Reduction Initiative
To run an effective and efficient Human Resources function, it is utmost important to ensure the best use of technology, systems and communication methods. Over the time with the advancement in the space of technology, these tools give edge and many are now integral to our daily life. However, in many instances, HR processes continue as they have always done and have not evolved to take advantage of the opportunities available from the new technological developments.
Exito works closely with clients to analyze how the HR department operates, how HR information flows around a business, where the blockages are and how many times bits of paper or emails are handled. The effectiveness of the Human Resources or Personnel department is assessed against company strategy, culture and objectives. A new tailor made strategy is then developed and this is supported with new HR processes which are implemented and communicated to produce improvements in HR efficiency. The expected outcomes may include reduced costs, an increase in responsiveness, higher employee engagement and an improvement in internal customer service levels.
Talent Mapping (Competitor Analysis)
We provide customized study of talent availability for our client .our Team of research associates and head hunters uses advanced resourcing techniques to map the entire talent team of the target company.
The mapping indicates the No. of available talent in each department mentioning their current designation & CTC.
Employee Retention Technique
Retaining a positive and motivated staff is vital to an organization's success. High employee turnover increases expenses and also has a negative effect on company morale. Employees leave organizations for many reasons; oftentimes these reasons are unknown to their employers. Employers need to listen to employees’ needs and implement retention strategies to make employees feel valued and engaged in order to keep them. These retention methods can have a significant and positive impact on an organization’s turnover rate.
Exito offers Employee Retention Technique Advisory services by not only doing a dipstick and analyzing the reasons of the attrition but also provide a tailor made techniques and implementing strategy towards an employee retention program which is an effective way of making sure that key employees remain employed & engaged while maintaining job performance and productivity.
The HR policy advisory services of Exito not only reviews and makes recommendations concerning policies, programs, and initiatives designed to support and promote the intellectual and professional development of organizations work force but also creates the basic policy frame work for the green field projects keeping the Indian rules and regulations in mind.
In this category of service, we also reflect on matters as the training and support provided to employees; induction & orientation of the new members of the organization; and the promotion of a healthy & engaged workforce within and between departments. We also reviews and make recommendations concerning existing and proposed hiring recruitment procedures , policies , compensation and benefits policies and programs for employees aligning to the organizational goals.