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                                  Compensation and Benefits Policy Design and 
                                Implementation – A Company’s Key To Success  
                             
                             
                                                                                                   
                                                                                                   
                             
                                          Travail de Bachelor réalisé en vue de l’obtention du Bachelor HES  
                                                                                               par : 
                                                                                Déborah Isabelle MIR  
                             
                                                                        Conseiller au travail de Bachelor : 
                                                                           Philippe BUTTY, Professeur 
                                                                                                   
                                                                                                   
                                                                               Carouge, 16 juillet 2020 
                                                            Haute École de Gestion de Genève (HEG-GE) 
                                                                          Filière économie d’entreprise 
                                                                     
                                  Déclaration 
            Ce travail de Bachelor est réalisé dans le cadre de l’examen final de la Haute école de 
            gestion de Genève, en vue de l’obtention du titre de Bachelor of Science en économie 
            d’entreprise.  
            L’étudiant a envoyé ce document par email à l'adresse d'analyse remise par son conseiller 
            au travail de Bachelor pour analyse par le logiciel de détection de plagiat URKUND. 
            http://www.urkund.com/fr/student/392-urkund-faq 
            L’étudiant atteste avoir réalisé seul-e le présent travail, sans avoir utilisé des sources 
            autres que celles citées dans la bibliographie 
            L’étudiant  accepte,  le  cas  échéant,  la  clause  de  confidentialité.  L'utilisation  des 
            conclusions et recommandations formulées dans le travail de Bachelor, sans préjuger de 
            leur valeur, n'engage ni la responsabilité de l'auteur, ni celle du conseiller au travail de 
            Bachelor, du juré et de la HEG.  
             « J’atteste avoir réalisé seule le présent travail, sans avoir utilisé des sources autres que 
            celles citées dans la bibliographie » 
                                               Fait à Carouge, le 16 juillet 2020 
                                                       Déborah Isabelle Mir  
             
             
                                         
             
             
             
             
                          
                                         
            Compensation and Benefits Policy Design and Implementation – A Company’s Key To Success 
            MIR, Déborah Isabelle                                  i 
                                                                   
                             Acknowledgements 
           The  achievement  of  this  thesis  could  not  have  been  possible  without  the  support, 
           guidance and contribution of the people’s name mentioned below. 
           I express my gratitude to my advisor, Professor Philippe Butty for his valuable feedback 
           and guidance throughout the completion of this undertaking. 
           I would like to thank deeply Mrs Madeleine Sindabahawe, Head, HR Switzerland & Global 
           Reward, my current Manager, for her support and encouragement she gave me during 
           these past months as well as Mr. Fabian Vidal, Expert Compensation & Benefits, my 
           colleague, for the time devoted to our interview and for advising and guiding me in this 
           domain which allowed me to achieve the final objectives of this thesis. 
           Finally, I thank my friends, relative and colleagues for their precious support and believing 
           in the realization of this project.  
           Compensation and Benefits Policy Design and Implementation – A Company’s Key To Success 
           MIR, Déborah Isabelle                                ii 
                                                                   
                             Executive Summary 
           Compensation and Benefits (C&B) plays an important role in today’s competitive world 
           whilst aspects relating to employee wellness are also being given increasing consideration 
           by employers. Given the importance of this matter, this thesis explores the elements that 
           need to be considered by Executive and Human Resources Management when designing 
           an effective C&B policy. 
           When well designed, a C&B policy is a powerful tool used to attract, motivate and retain 
           employees. The case of a fictitious company is presented to demonstrate the application 
           of the theoretical aspects of C&B to a real-world scenario. 
           As a C&B policy is specific to each organization, it is important to consider, analyze and 
           review all aspects which could have material influence. Some of these aspects are related 
           to the company's DNA, workforce demographic, economic trends, exogenous factors like 
           the current global health crisis (Covid-19) and peer group salary practices. 
           When defining the  C&B  policy,  and  in  order  to  measure  its  effectiveness,  a  set  of 
           objectives  must  be  clearly  stated.  Finally,  detailed  job  descriptions,  evaluations  and 
           market data such as salary, employee benefits and wellness will be needed to finalize its 
           design.  
           The aforementioned process facilitates the implementation of an effective C&B policy. The 
           result, as measured by certain key performance indicators and qualitative observations, 
           is a net positive contribution to the company. Specifically, a decrease in sporadic sickness 
           leave, delays and turnover as well as an increase in employee motivation, job applications 
           from qualified external candidates and, perhaps most importantly, an improvement in the 
           company’s net profit.  
            
            
            
                 
            
                                       
           Compensation and Benefits Policy Design and Implementation – A Company’s Key To Success 
           MIR, Déborah Isabelle                                iii