Compensation & Benefit Management Outsourcing
Outsourcing services of compensation and benefit management in companies covers a variety of aspects in compensation and benefits activities, such as:
- Defining compensation and benefit policies
- Benchmark analysis
- Employee communication and training
- Providing answers for employee and manager queries
- Analysis of labor costs
- Sales incentive and bonus plans design and management
- Design and management of equity-based compensation plans
- Management of pension and employee risk benefits
- Supplier management (stock administrators, insurance companies, insurance agents, relocation administrators, etc.)
Based on the needs and wants of the client, the service may include management of a team of client employees and/or Zviran analysts. In some cases, service has included grooming an in-house client’s compensation and benefits manager.
The benefit for the client is employment flexibility (including part-time position) and mainly the option of receiving specific expertise required by the client (equity-based compensation, relocation, pension and insurance, Pay & Benefits surveys, activity abroad, etc.) from Zviran’s assortment of experts.