Meritt

Our Job Evaluation methodology is based on the point rating evaluation framework, which helps companies systematically determine the relative internal value of jobs. It is being successfully used by several companies across industries for their job design, talent acquisition, career development, and performance management decisions.

Our comprehensive process of Job Evaluation helps companies to increase equalities and standardization in their salary structure, determine specialization, foster talent development, and encourage confident relationship between employees and management. In addition, it supports in the selection of employees and in understanding the relative value of new jobs in the company. It is a detailed analysis and report of the job in consideration, not the person doing it. It also helps companies in ensuring the right organization design and building an appropriate career growth structure for the employees.

Among all kinds of budgets in an organization, the remuneration cost is of greatest importance. With less or limited money to go around, companies face a very critical question-are the employees, especially critical talent, paid enough and in a way that motivates them and keeps them engaged? Is the pay really proportional to the performance of the employees, is the pay structure really suitable to the environment in consideration and does it drive business results? Our Pay Review and Design solutions provide the strategy, design and execution support essential to find all the answers and take appropriate actions.

Our Pay Review and Design solutions align pay with jobs and environment, and help better differentiate performance, driving the right employee behaviours. We design effective, globally consistent framework for pay decisions to ensure that compensation is both appropriate and competitive. We help companies gain the required clarity and objectivity to take these decisions and understand where their pay structures stand and why so.

Our Compensation Surveys provide companies the relevant data and analysis that they need to establish competitive and effective compensation plans and salary levels to attract and retain top talent in the market warfare. We design and conduct compensation surveys to meet the needs of companies of all sizes, ranging from start-ups to small-and-medium enterprises to multi-national corporations, across various fields of work. We also customize the surveys to 'tailor make' them to match the exact requirements of the companies.

Our Compensation Surveys allow companies to get the most out of the market compensation data, as it helps them to determine where their salary rates for jobs and groups of jobs stand in relation to the relevant labor market. It also enables them to look at the need for and also the quantum of across-the-board or specific demographic pay hikes, so that they can better manage their salary review programs and budgets at local and global levels.

We also provide actionable advice to help companies choose and implement the suitable kind of survey-from a single market pay assessment, to a company-wide pay practice review. Our rigorous survey processes, together with the accuracy of our databases and the relevance of our analysis, guarantee the delivery of high-quality, robust data and consistent reporting practices. Our database study and custom survey reports give companies that competitive edge for taking decisions during their employee salary review and payout actions.

With markets becoming more and more difficult and competitive, companies are facing a huge challenge in terms of hiring and retaining the right leaders. They are striving hard to strike a balance between providing these leaders justified and attractive remuneration, and the increased scrutiny of executive pay and regulatory governance. Our Executive Remuneration strategies help companies design fair and transparent systems for executive rewards, which balance the views of executives, shareholders and other stakeholders.

We help companies select the appropriate performance metrics and goals, and advise on the right remuneration to drive business performance and retain experienced leaders. We do not just match job titles and salaries, but assess the real responsibilities and value of an executive position to design a remuneration package that drives performance and motivates them. Our experience of working with leading companies, coupled with on-time market data research helps us to establish fair and competitive executive compensation benchmarks. We deliver trusted, objective and appropriate solutions by striking a right balance between total pay mix, risk factors and reward value, which are best suited to your needs.

It is said that what you cannot measure, you cannot monitor. Our Assessment services are diagnostic and auditory in nature, meant to help companies measure their Human Resource programs against standard, pre-determined benchmarks.

We offer several Assessment tools and metrics to help companies improve the performance of their people and processes, and hence achieve pre-set goals and targets. Our Assessment tools and metrics are proven, practical and up-to-date, based on vast experience, in-depth research and studies. These can also be customized by us to better suit your needs, as we believe that each company has its unique challenges in these areas.

In today's world, every company-big or small-realizes the value and worth of Human Resource management and development. However, formulating and enacting suitable HR policies in difficult market conditions often prove to be a daunting task for most companies. This is where Meritt's experience and expertise comes in. We help companies design effective, progressive and successful HR Policies that can meet their ever-changing organizational needs and ever-growing business demands.

Each of the HR Policies developed by us is 'benchmarked against the best', tailor-made to the specific needs of the companies and extremely relevant in the industry that they operate. We combine our business understanding and comprehensive research with the deep and holistic appreciation of the companies that we work with. Based on this, we derive the best blend of HR priorities, environment and delivery processes to keep pace with new business strategies and the market changes at the same time.

We also go beyond designing innovative and effective HR strategies and functions, by creating the delivery tools and models to support these strategies. We facilitate the transition to a high-performance HR function, whose impact is measurable both at the top and bottom lines, so that HR can be an effective business partner.

We understand and acknowledge that 'Total Rewards' is an advanced model of Human Resource management, which goes beyond just the employee remuneration aspect in monetary terms. We help companies to not only 'attract, motivate, and retain employees', but also ensure building engaged employees, enhancing their performance and improving their competitiveness in the global workforce market. Our Total Rewards Planning is always aligned with the companies' business strategies and people needs, for we believe that it needs 'different strokes for different folks' to be truly effective and successful.

Our Total Rewards Planning is holistic and integrated, not just technical in nature. We strive to understand the company and the value of the right rewards program. This comes from our 'solid understanding' of people and processes-what motivates them and how to effectively influence them keeping in mind the elements of Total Rewards. Drawing from our expert insights and vast experiences, backed by our market-leading tools, research and data, we create a suitable blend of financial, organizational and behavioral aspects of reward, which fits the business strategy as well as the HR goals of the company. We also focus on strong implementation handholding, ensuring that it translates into bottom-line results for the company. We, thus, help companies optimize its employee rewards and do more with less.

Just as it is important to know, understand and compare compensation levels across the industry, it is also crucial to have a clear understanding of the benefits offered by "similar" companies. Our Benefits Studies help provide companies with data and information to give them a competitive advantage, where they can frame and execute the appropriate benefit programs to attract, retain and reward employees.

Our Benefits Studies employ a comprehensive process of research and analysis, to provide consistent and comparable data and information, which help us to assess and compare benefit policies and benefit costs across companies. On our part, we turn the data or information into insights and recommendations to transform into reward decisions. We match the companies carefully and then compare on equivalences, so as to determine the right benefit plans and programs for their current and future workforce.