Successful remuneration motivates personnel and enables the company to succeed
Remuneration is a strategic tool companies can use to guide both key employees and personnel to align with the company's strategy. With successful remuneration, the company's operations can be steered in a commercially sustainable and competitive direction.
A well-designed reward plan benefits organizations of all sizes, from global listed companies to traditional family businesses. It is important to find the right reward solutions for each company. Rewarding does not only mean individual actions, but a holistic view of both intangible and tangible remuneration.
With the help from our professionals who have extensive knowledge of various businesses and operating environments, you can identify an appropriate reward solution for your company. For organizations with international operations, we provide the expertise of our global teams to ensure that the tax regulations and legislation of different countries are integrated into the design, implementation, and functionality of the solution.
Our network allows us to provide domestic customers with internationally recognized incentives and best practices across various industries.
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We design and implement tailored reward plans to support your business goals
Our reward services
An important part of every organization’s routine is to handle payroll and employee benefits efficiently and correctly. The personal tax advisors in our reward team have extensive experience in the tax and social security expense treatment of various benefits. We are here to support you in the planning of incentives and recognition for your employees, regardless of their size.
For example, is a movie ticket acceptable? Or can employees be given a fitness program in connection with occupational health care? How should the bicycle benefit be arranged? We can answer these and many other questions.
We assess the tax treatment of individual benefits. We support with tax audits and design employee benefit policies together with you.
With our international network, we can assess your reward plan's tax treatment in all your operating countries.
In international business, it is important to understand the regulation of long-term incentive schemes in different countries, and the tax implications related to rewards. It is also necessary to know what kind of costs are incurred from rewards and what the employer's reporting obligations are.
With KPMG, you also get solutions for reporting and calculating long-term incentives for internationally mobile employees. KPMG provides a solution for reporting and calculating incentives for globally mobile employees. With our KPMG LINK Global Equity Tracker, payroll can be automated and supported worldwide.
Sustainability has become a priority in organizations' strategic goals and development targets. Our corporate clients are interested in how to integrate sustainability indicators with rewards. Sustainability as part of reward plans indicates the management's commitment to the company's sustainability work and the level of integration of sustainability into the company's strategy and business. These are things that investors in particular are interested in.
Our expectation is that the reporting of non-financial information required by legislation from large companies and PIE, and the requirement applied to many financial companies as per the Disclosure Regulation to report on the consistency of reward with sustainability risks will increasingly include information on the combination of responsibility and sustainability with rewards. We leverage our expertise in this area and our international knowledge across various countries and sectors for our clients.
Motivating personnel and key employees should be seen broader than just as salary and an incentive system. Intangible remuneration is increasingly being raised alongside material remuneration, and these issues are becoming part of the company's personnel and remuneration strategy.
Our comprehensive approach to rewards encompasses also elements related to career development and leadership.
Meet the team
At KPMG, reward plans are designed by multidisciplinary teams with skilled professionals collaborating effectively. Behind everything we do is our enthusiasm to create an outcome that supports your business efficiently.
- Our services also cover ongoing support in the reporting of reward plans and addressing tax and legal issues.
- We evaluate rewards comprehensively, including employment law considerations into the overall framework.
- We work together with the global team operating in 200 countries.
- We assist in the development of reward plans and provide comprehensive answers to your questions regarding employer responsibilities and payroll or prepayment procedures.
Get in touch – let’s find the right solution together!
