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You are working as a middle ranking compensation and benefit specialists in a moderate-sized organisation in FMCG sector. The company has registered 25% revenue growth last year and it is expecting the same rate of growth in the ensuing year. However, it is found that people working in key teams are leaving due to opportunities available in market. The economy is doing well, and the revenues of competitors are in upward swing. Your company follows a structured compensation pattern with liberal benefits to high performers. The management is worried about attrition and is keenly interested to retain the present sales, marketing, and operations teams. The management desires to restructure the compensation structure and benefit schemes. The HR Head has asked you to design a Management Development Program (MDP) on "Compensation and Rewards" for the decision makers before the restructuring exercise come into force.
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