Total Rewards Solutions
In a competitive environment where the war for talent is one of the leadership’s top concerns, one cannot undermine the importance of Total Rewards in attracting, engaging and retaining talent. And at Boolean, we know how important employee satisfaction is in today’s competitive marketplace. Benefits and compensation plans are crucial in showing that companies truly care about their employees. Every organization has a story to tell when it comes to benefits and compensation plans. If you’re not using a total compensation statement to tell that story, then it’s likely your employees neither understand nor appreciate the investment you’re making. We are capable to create high-impact total rewards communications that inform, educate, and motivate employees throughout your organization.
In addition to the above, we provide specific Total Rewards Budget Management services such as business case analysis, scenario building and cost simulation analysis for any Total Rewards related initiatives. We also assist our clients in implementation of the above Total Rewards offerings and related capability building.
Our Total Rewards solutions include:
- Total Rewards Strategy and Policy
- Compensation & Benefits Benchmarking
- Short / Long Term Incentive Plans
- Flexible Benefit Plan
- Sales Incentive Plans
- Wellness Strategies
- Employee Recognition
- Total Rewards Implementation
- Business Games – Indoor & Outdoor
- Corporate Event Management
- Total Rewards Strategy and Policy
We at Boolean, work with organizations to design and implement highly effective employee rewards programs and policies that support business strategy and attract and retain quality professionals. We don’t simply follow market practice – we dig deep to develop a true understanding of an organization’s business culture and strategy. As rewards strategy must align with organizational strategy and culture to drive results, allocate resources, ensure appropriate pay levels, optimize mix and method of payment, and consider alternate non-financial rewards. And we spend time talking to leaders, managers and employees about what is meaningful and engaging, and we apply cutting edge solutions to analyse current design, pay equity, total compensation, benchmarking and more. We leverage total rewards, examining both financial and non-financial levers to engage and motivate; and then synthesize all of these elements to build strategic and tactical implementation plans – plans that fit with your corporate strategy and add business value by driving and maximizing the employee value proposition
- Employees Compensation & Benefits Consultation
With employees increasingly looking beyond salary and focusing more on their total reward package, offering the right mix of benefits can help attract and retain the best people and keep your workforce engaged and motivated. Concerns over the costs and time involved in carrying out an employee benefits benchmarking exercise, along with fears over a possible increase in costs/benefits, mean businesses often delay this crucial exercise. However, in many cases, the opposite is found to be true. A clear corporate strategy around benefits and communication supports organisational goals including staff attraction, retention, productivity, wellbeing and corporate profitability.
Boolean possess a creative, meaningful and motivational approach to your benefit plans; and provide comprehensive and customized benefit consulting and administration that address your strategic business goals. We can help review your existing offer, ensuring it delivers what your employees want, motivating great performance and providing a better return on your investment. And will be able to assess what is on offer to deliver an employee benefit strategy to get your employees engaged. Our benefits intelligence service has two modules – which are benchmarking and curation. This insight will help you re-define your benefits package and is an important step to becoming an employer of choice.
Benchmarking: – If an organisation feels their benefits lacks appeal compared to competitors, we assess their offer against the marketplace and report back.
Curation: – We curate benefits offers by garnering detailed opinions among employees, running focus groups, and analysing the results. We also organize the tender process and recommend best-fit providers for your needs.
We work closely with you to create a tailored package that’s exactly right for your business. Our consultants are dedicated to finding out about your organisation in detail so that we can deliver the best possible solution for your people. We have built our reputation on outstanding customer service, attention to detail, technological innovation and creativity. As a result, our clients have been able to control benefit costs, remain compliant, improve workflow efficiencies and enhance employee morale.
- Short / Long Term Incentive Plans
Boolean helps companies achieve the right balance between guaranteed and variable compensation as well as short-term versus long-term incentives. It believes that incentives should take the form of value sharing which are paid out of the productivity profit of the company. This is a “self-financing approach” that rewards individuals for their contributions to value creation while protecting shareholders. We incorporate a “decision tree” process to determine which plan is most suitable, perform extensive modelling to ensure financial viability, help clients navigate all planning decisions, provide expert documentation assistance and help with personal employee enrolment, as well as ongoing administrative support. Our extensive capabilities allow us to design, implement and manage any types of annual and long-term value-sharing plans.
- Flexible benefit Plan:
Flexible benefits programs haven’t been as successful in every region – especially Asian regions, as compared to mature markets in the west, with the fundamental problem laying in how flex is perceived in in these regions. While traditional approaches of implementing flex programs focused on it as a standalone solution, when in reality flex should be viewed as a component of the total rewards framework. This holistic view along with the use of data which not only backs ups any anecdotal assumptions HR may have about how employee engage with the program, but can also be used as a cost containment tool when managed effectively.
Flexible benefits plans offer more choices, personalized coverage and stable premiums. Instead of providing a defined package under a traditional benefits plan, employees with different needs can explore various options to ensure optimum coverage for their situation. Most employers today offer a traditional benefits plan. These plans provide a wide range of coverage to every employee, even though their individual needs may vary. Take advantage of our expertise to have a flexible benefits plan that is cost effective and relevant to your business
- Union & Staff Group Consultation
Our in-house expertise can be made available when you need to facilitate important discussions with management / staff and trade unions. We can bring added value to any such forum, and will take the lead if required to ensure discussions prove positive and constructive. Such circumstances can include but not limited to: Pay Negotiations, Employment Policy, Changes to terms and conditions, Relocations, Redundancy Issues, Organizational restricting, Redeployment New strategy development and implementation discussion etc.
- Employee recognition
Employee recognition is the acknowledgment of an individual or team’s behaviour, effort and accomplishments that support the organization’s goals and values. Recognition is not one-size-fits all. Thought needs to go into what would be appreciated by the person being recognized. When you recognize people effectively, you reinforce, with your chosen means of recognition, the actions and behaviours you most want to see people repeat. There are some compelling reasons to focus some attention on employee recognition. Employees who feel appreciated often go above and beyond what is expected of them, and they will be more productive and motivated, they will be more likely to stay with the organization. Our consultant will be able to develop employee recognition program for your company and lets your employees know that their hard work is valued.
- Wellness Strategies
Our experienced consultants will work with you to design, implement, and to closely monitor your company’s wellness program. We will develop a customized plan that fits the culture of your unique organization.
Business Games Indoor & Outdoor
Team building games, exercises and activities help build teams, develop employee motivation, improve communications and are fun.
Indoor activities, because of where they’re conducted, typically have a very different character than outdoor activities. You’ll usually conduct these activities during regular office hours or at most, a weekend. If you’re at a team retreat, your activities will largely be outdoors, not within the confines of some conference room. Because of this, indoor activities tend to be more serious. The aim is the same – to improve communication, trust and collaboration skills – but they have a decidedly formal tilt.
Outdoor team building activities have a decidedly different flavour than their indoor counterparts. For one, you usually do these activities at team retreats. The mood at these retreats is more casual and relaxed than that in an indoor weekend workshop. Since everyone is in a relaxed mood, the activities you choose must utilize and amplify this energy. Consequently, outdoor team building activities generally tend to be more fun and active. The business fades into the background as you focus more on helping the team come together and having a good time.
Corporate Event Management
At Boolean, we strive to provide corporate event management services, which include overseeing all aspects of your event and ensuring that they are carried out with precision, professionalism, and elegance. From annual days and product launches to employee engagement and award ceremonies, we plan and execute a wide range of business events. Working with us ensures that your events are successfully performed and that our customers’ brand image and vision are reflected. We can help you come up with new and exciting ways to make your events more memorable!
REQUEST A CALLBACK
We look forward to doing great things with you