Low-fare Airline Develop an Innovative Long-Term Incentive Scheme for its Management Team
Client wanted to reduce employee turnover and attract key talent by generously rewarding its management team.
Client wanted to understand trends and practices of different share-based rewards in the local market and assist them in designing & implementing it.
We offered client the value add of On-Call Assistance where our professionals could assist them in implementing barriers they may face down the road.
Protiviti's Human Capital Consulting practice helps a leading low-fare airline in developing an innovative Long Term Incentive Scheme for its management team.
Our client, with operations in 20 different locations across the MENA region, wanted to reduce employee turnover and attract key talent by generously rewarding its management team. Client wanted to understand trends and practices of different share-based rewards in the local market. Once a suitable incentive scheme was chosen, then assist the client in designing and implementing it.
From our vast experience in Reward Schemes, our professionals presented live data pertaining to key trends within the region and trends which were practiced within the airline industry to motivate employees. The workshop included evaluating various Share-based Reward Schemes pertaining to the region the client operates in, with detailed simulations of payout mechanism for each level of employee. The schemes were linked to Key Performance Indicators to help set the Incentive Grants for employees. Once the suitable scheme was selected, we designed the policy for the share-based reward scheme with communication schedules and templates and further detailed an administrative procedure manual to facilitate the scheme’s implementation. Additionally, we provided Knowledge Transfer Sessions where we trained Finance and Human Resources stakeholders on the implementation of process and financial simulations/forecasting for the reward scheme.
- Employees were able to know how much they are eligible for based on their direct performance as the tool was transparent and offered ease of calculation for each employee.
- In addition to providing comprehensive knowledge transfer workshops, we offered the client the value add of ‘On-Call Assistance’ where our professionals could assist them in implementation of barriers they may face down the road.
How We Help Companies Succeed
We help our clients understand the benefits of offering incentives and perks whilst outlining different options to help them decide what to offer and how to monitor the effectiveness of any selected scheme. We understand the various incentive schemes which are most appealing amongst different regions across the globe, and schemes which have been tried and proven effective in motivating employees.