To establish a comprehensive total rewards framework following the assessment of the current state and alignment with the management team, efforts focused on updating the salary scale, creating short-term incentive plans tied to both company and individual performance, designing long-term incentive plans linked to tenure and achievement, enhancing employee benefits, and developing a comprehensive work-life balance program to improve overall employee well-being and productivity.

One of the key challenges was the unavailability of some essential data required for the project. In response, we collaborated closely with the HR team to improve the data quality and explored alternative solutions to address this issue effectively.

Tharwah applied a comprehensive methodology involving:

• Assessing the current state
• Identifying key strengths and areas for improvement
• Developing a comprehensive total rewards strategy
• Performing job evaluations
• Benchmarking against the broader market and peer organizations
• Calculating and analyzing the financial impact of proposed changes
• Developing various deployment scenarios

As a result of the engagement, several impactful outcomes were achieved, including:

• A competitive salary scale is now in place
• Attractive variable compensation plans have been established
• Employee benefits have been enhanced
• The entity is better positioned to attract and retain talent critical to executing its strategic objectives

This engagement emphasized the below:

• Importance of Data Readiness: Ensuring the availability and accuracy of key data early in the project is crucial. Engaging with the client’s HR team to enhance data quality can help prevent delays and facilitate smoother project execution. This experience underscores the need for thorough data collection and validation at the outset of similar initiatives.
• Collaborative Approach: Close collaboration and continuous communication with the client’s team—particularly HR—are vital to addressing unforeseen challenges promptly. Regular engagement helps build trust, ensures alignment, and enables joint problem-solving.
• Flexibility and Adaptability: Being adaptable and exploring alternative solutions when faced with data limitations or other obstacles can help keep the project on track. Flexibility in approach allows for innovative problem-solving and more resilient project management.

The entity is now equipped with a comprehensive and robust rewards framework that enables it to attract and retain top talent, foster a more motivating work environment, and empower employees as a core driver in achieving its strategic objectives.