Total Remuneration Survey Kick Off
People Advisory Services (PAS) is a sub-service line with an enhanced set of joint people capabilities, providing clients with an effective and ecient set of integrated offerings to help solve their most pressing people-related business challenges. In terms of their Reward Pillar, PAS has established a strong track record over the past three years in which they have successfully delivered four Industry Remuneration Surveys, completed 45 projects, and held a strong database of more than a 100 organizations. Their deliverables include, but are not limited to, Compensation and Benefits Surveys, Grading Structures, Band Alignment and recently, the implementation of SBP’s Sound Remuneration policies.
Moreover, PAS focuses on all other areas of HR advisory: Talent, Performance, Analytics, Mobility and Systems. In the past year they
have executed projects for various public and private sector organizations in different industries such as Manufacturing, Insurance,
Financial, Pharmaceutical, Oil and Gas, Power and Utility, and Education, carrying out a range of assignments including Talent
Acquisition, Organizational Restructuring, Employee Engagement, HR Due Diligence, Assessment Centers, Manpower Planning,
Job Analysis and Evaluation.
On the 23rd of May, 2017, EY PAS hosted the 4th Annual Industry Total Remuneration Survey Kick Off, with extensive participation from 22 major banks across Pakistan. Through the event, PAS aims to engage its banking clientele in a two-way conversation focused on fine-tuning the methods and techniques utilized in delivering the most accurate picture of remuneration practices within the industry, as well as deep dive into the most pertinent remuneration trends observed in the previous year.
Right to left: Haider Patel (Partner, PAS), Saadia Umar (Director, PAS) and Aqueel Merchant (Service Line Leader, Advisory)
Furthermore, PAS introduced a cutting-edge product being implemented in some of the most progressive organizations from around the globe: Total Reward Investment Optimization (TRiO). The said offering rewards establishes a quantitative view of how employees value reward. By doing so, EY assists organizations in understanding the value that their reward programs are driving for their employees, enabling employers to conduct targeted reward investments.
Lastly, the program addressed the Remuneration Framework and SBP Guidelines issued by State Bank of Pakistan in October 2015. Some of
the key discussion points included the impact of the guidelines from the HR perspective, core principles of remuneration guidelines,
remuneration governance framework and key considerations in the design of variable components. As part of their service offerings, EY PAS
helps organizations align remuneration practice to risk elements emphasized by the given guidelines.
Right to Left: Mohammad Iqbal (Head of Reward, SCB), Muhammad
Muntazir (Head Compensation & Benefits, Silk Bank)
Vania Kambyses (Head Reward, Citibank)