Maintaining an accurate salary structure for your employees is more crucial than ever. Technology advancements are rapidly changing the landscape of jobs, and it is getting harder and harder to find and keep the employees you need for high-demand jobs. Most companies are concerned with realigning pay, trying to retain employees, and addressing pay equity concerns among employee groups, making accurate market data essential.
To design a meaningful compensation and benefits structure for your organization and your employees, you should take the following into consideration
Proven's compensation and benefits advisory gives you the confidence you need to design benefit structures, identify basic pay for demanding jobs, and execute on other vital aspects of compensation. Furthermore, to ensure compliance, we offer a stress-free solution by eliminating the need to hire an expert in Saudi Arabia's compensation laws.
Today's multigenerational workforce demands personalized, creative, digital, and flexible benefits. Innovative ideas, such as tying employee benefits to diversity and implementing social responsibility strategies, can help you stand out from the competition.
Our advisory role includes planning a company-wide compensation program for employees, helping you define the salary levels according to the positions determined in the organization settings.
We provide you with accurate market data collected from our focused surveys to assist you in mitigating concerns related to paying structure, employee retention, and the latest market trends.
Government regulations change frequently, so it is critical to comply with the compensation laws of the country. Proven compensation and benefits specialists assist your organization by evaluating the compliant needs for your organization and keeps you up-to-date with the latest regulatory changes.
Our compensation and benefits report provides an overview of the compensation policies followed by companies in the GCC market, as well as a summary of the key benefits offered by employers, assisting you in structuring your program.
We don't believe in one-size-fits-all solutions at Proven. Our team helps you understand current market dynamics, identify your goals and pain points before developing a customized strategy to meet your needs.