Without a competitive pay structure, companies struggle to attract and retain top talent. Staff turnover is expensive, and with remuneration typically representing one of the largest financial investments an organisation will make each year, it is imperative that organisations get it right.
Divinitus Consulting can assist you as much or as little as you would like in your remuneration benchmarking exercise, drawing from our experience, and wealth of market data. We can conduct competitive pay analysis for executive teams, strategic job families, an individual role or for the whole organisation.
Leveraging fact based insights from the largest remuneration database in Cayman, Divinitus Consulting will develop a deep understanding of your organisation and the market in which you are operating. In determining your current and preferred competitive positioning, we will assist you in selecting the right peer group and market positioning.
Our customised approach will help you gain a clear understanding of your organisation's market position and the competitiveness of employees' remuneration packages. We can identify employees in your organisation who are remunerated at a rate far higher, or lower, than the market norm. If required, we can offer solutions to close any gaps related to such practices and determine the cost to company to implement these recommendations.
Divinitus Consulting's advice can help your organisation with: