ABH provides four essential advisory services to enterprises operating in domains like IT, Engineering, Manufacturing, Retail, Finance and Real Estate. They are primarily Compensation Consulting Services, HR Policy formulation and Employee Retention programs.
Employee Compensation is essentially investment by the company to attract and retain the best talent for generating revenues and maintaining a competitive edge in the market. Therefore, designing compensation package which offers optimal benefits to the employees as well as the employers is important for the success of the organization.
At ABH , we take time to understand the organizational goals, structure and responsibilities before we design the compensation strategies. The compensation structure we suggest also considers different compliances, tax components, requirements of the employees besides the ease of implementing it across locations.
We create a tangible and intangible award based plan for employees to establish a link between the higher goals of the organization and employee’s focus and actions.
Our advisory services are backed by extensive market research and supported by data-driven decision making in an evolving marketplace which includes –
- Total Rewards Strategy And Design
- Broad-Based Pay Analysis
- Salary Structure Development
- Sales Force Effectiveness & Their Incentive
- Compensation Surveys
- Pay Equity Analysis
Executive Compensation Advisory Services
For executive compensation, we work closely with leadership teams for designing, developing and implementing comprehensive executive compensation programs compliant with regulations and are competitive in the market.
HR Policy Formulation
Company policies are guidelines for decision making and it is important that they are regularly updated as per the changes in the regulations, needs of the employees and the organization at large.
Our HR Policy Advisory Services review and make necessary recommendations regarding policies, programs and initiatives that are mapped to support and promote the intellectual and professional development of the work force.
We create a basic policy frame -work aligned to the Indian rules and regulations for the green field projects. We also offer training and support services such as induction & orientation of the new workforce, soft skills trainings and technical trainings. Our HR team is experienced in conducting gap analysis for identifying training needs and development needs.
We evaluate and make recommendations regarding existing and proposed recruitment procedures, policies, compensation and benefit policies and programs for employees based on the organizational goals.
Employee Retention Techniques
Since employees are the real assets of an organization, retention of key resources is crucial for success in the market place. Higher turnover increases expenses and has a negative impact on the employee morale. Some industries like BPO have higher attrition ratios but it is important to understand the reasons for leaving the company.
At ABH , our services are designed to help you understand and analyze the reasons for exits and take preventive measures. We offer advisory services for improving or designing induction and exit processes, communication strategies and employee engagement activities which will contribute to improving the retention ratios in your organization.
Our expert team analyses number of factors affecting the employee morale using industry accepted methodologies and offer customized solutions and strategies that will help to maintain the productivity and employee wellness quotient.