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Total PackageA total package or total cost to company approach to remuneration means that a significant portion of the employee’s package is managed as a single entity, in contrast to the basic salary plus benefits approach, where each benefit item is managed separately. Clé Human Capital has designed an approach that ensures an equitable solution for both the organisation and its employees. Our approach ensures that the employees’ pensionable earnings are redefined, keeping employees neutral from a cash-flow point of view and preserving the liquidity of defined benefit retirement funds. We review and redefine a client’s benefit structures to ensure that employees have maximum flexibility at no extra cost to the organisation. Our process ensures full compliance with SARS requirements, and our FlexPac software assists employees to select their benefits wisely. Our change management methodologies guarantee full compliance with all the legal requirements for a change in the terms and conditions of employment, and also that employee buy-in is achieved. We redefine an organisation’s increase process to ensure that this process is managed equitably over the medium and long term. For more information please on a total package approach please contact one of our remuneration consultants. "a cost to company approach to remuneration ensures internal equity among employees and allows the employer to effectively manage their expsure to employee benefits" |