Employee benefit schemes, share plans and pension provisions are important tools for employers wishing to recruit, motivate and retain their most talented personnel.
PraxisIFM provides a variety of incentive arrangements for executives and globally mobile employees.
Schemes can be established with a single employer or several participating employers and they and the employees can be located in a number of different locations.
PraxisIFM can assist you in developing and maintaining effective employee retention structures to motivate and retain your most talented personnel, including:
- Carried interest structures
- Retirement benefit schemes
- Employee benefit trusts
- Employee trusts for stock and share plans
End of service gratuity solutions are particularly important to employers in the Middle East. We work directly with clients and intermediaries to provide a tailored solution, establishing a special-purpose trust designed around the employers’ specific requirements, with the aim of providing security and control with enhanced and flexible employee benefits.
Once in place it is a permanent, flexible, and cost effective solution – not just to the End of Service Benefit issue, but one which can also assist with other employee remuneration-driven matters such as staff recruitment, loyalty and retention.
New offices often start small with only a few employees or contractors, during which time a full HR function may not be cost effective or desirable. This can often become a burden for the general manager at HQ, who might not be familiar with the local standards and legal requirements.
We provide a wide range of HR solutions and guidance, including:
- Payroll and expense management
- Compensation and benefits
- Employee agreements
- Visas and work permits
- Employee handbooks
- Recruiting support, external directors and employee outsourcing