Cogo People Analytics brings you RecTech 2020 – a proudly South African Recruitment and HR Technology Virtual Exhibition. RecTech has taken the expo online this year and will feature a fully interactive Virtual Expo Centre along with multiple 45 – minute demo webinar sessions.
How We Fit In
We are excited to announce that Remuneration Consultants will be hosting a webinar at RecTech 2020, with a core focus on three vital elements of remuneration and salary benchmarking.
Our team of reward specialists have extensive experience in some of the popular and widely used Job Evaluation Systems. We understand the entire Job Evaluation process and provide our clients with training. We have designed a new Job evaluation method and tool (the JET) incorporating factors such as Emotional Intelligence, Adaptability & Flexibility, the tool also has a Job profiling module incorporated.
Salary Benchmarking and Pay Scale Design
When assisting companies with salary benchmarking, we compare current salaries to the various market reference points and calculate the comparison ratios for each percentile. The exercise also includes a costing analysis. The purpose of the cost analysis is to determine the differentials in pay required to equate to the minima of the respective Pay Scales for those employees that are not currently aligned with their respective Pay Scales. The Company will then be in a better position to present a factual and accurate recommendation on increases. These can be displayed through illustrative dashboards that assist with presenting market benchmarking analysis to executive and remuneration committees.
We have extensive experience in the process of pay scale design and annual updates.
Cost-To-Company Conversion With Flexible Benefits
We conduct Cost-to-Company conversions and deal with the entire conversion process. Our team have expertise from employee communication strategy, dealing with change in retirement and risk benefit fund rules to the actual calculations to provide a cost neutral conversion. Our Package Structuring Tools provide companies with a streamlined approach to the conversion process. In addition, we also provide companies with travel calculators that simplify and maintain compliance with the necessary tax requirements