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Retention Strategy and Alternative Reward Schemes 2017-05-31T13:20:27+00:00

Retention Strategy and Alternative Reward Schemes

21st Century designs retention policies that align at all times with the strategic direction and specific value drivers of each organisation, and the overall organisational remuneration policy.

 We can assist you …

  • To develop a framework after reviewing requirements, understanding issues and applying market practice
  • To align remuneration policy to retention and reward principles
  • To identify and define non-remuneration retention elements
  • To design and develop retention schemes, showing eligibility, measures, funding and administrative rules
  • To run selective co-agreed focus groups and collate their inputs
  • To define who the policy is applicable to and identify these employees in the organisation
  • To define categories of skill (including critical, scarce and business imperative skills) to be retained and who require differential treatment in terms of remuneration
  • To define elements of remuneration (including benefits such as leave and flexibility) for rewarding and retaining these employees
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