China HR Management Consulting

1. Incentive Compensation Design

Incentive compensation plans are primarily utilized to enhance employee productivity and development. However, they can also significantly boost employee recruitment, loyalty, engagement, and brand recognition. When designing an incentive plan, it is beneficial to survey employees to understand the types of incentives they value most for their efforts.

Combining our consulting expertise and industry insights, Acadia designs strategic
compensation plans that enhance talent acquisition and retention.

Diagnose Internal and External Influences

Internal Influences: Comprehend the internal factors impacting your business. Clearly define your goals (KPIs), business strategy, mission, and vision.

External Influences: Assess market trends, industry standards, and competitive benchmarks to ensure your incentive plans are competitive and attractive.

Types of Incentive Plans

An effective incentive plan employs the right metrics for the appropriate groups by incorporating insights from top performers and other executives.

For executives, sales teams, and R&D personnel, we offer customized incentive compensation plans, including:

Bonus Package Design: Tailored bonus structures to reward exceptional performance and achievement of key milestones.

Sales Commission Design: Incentive programs specifically crafted to drive sales performance and encourage target attainment.

Role-Based Performance Metrics: Metrics and incentives aligned with specific roles to ensure fairness and motivation across different job functions.

Short-Term Incentive Plans: Programs designed to offer immediate rewards for short-
term achievements and milestones.

Long-Term Incentive Plans: Strategies to provide sustained motivation through long- term goals, equity-based incentives, and career development opportunities.

Our solutions are designed to adapt to the unique needs of your business and drive sustained success.

Types of Incentive Plans

Effective Performance Management System

Effective performance management ensures that employees understand their roles, receive constructive feedback, and have the support needed to achieve their goals and the organization’s objectives.

Performance management aims to develop the skills and competencies necessary for employees to improve their performance and succeed in their roles.

Acadia has extensive experience in helping businesses align their strategic objectives with employee goals, using performance evaluations to motivate and drive employee success.

How We Do It

Goal Setting: Individual objectives and goals that align with team and organizational goals.

Management by Objectives (MBO): Developing specific job performance outcomes.

Creating Measurable Performance-Based Expectations: Establishing clear,
quantifiable performance criteria.

Defining Job-Development Plans: Outlining pathways for employee growth and
career advancement.

Performance Appraisals: Regularly assessing employee performance against set
objectives.

Coaching: Providing ongoing support and guidance to enhance performance.

Organizational Change and Talent Strategy

Organizations often need to adapt their business models to stay competitive, from minor updates like new software to major transformations such as digital overhauls.

We assist companies in managing these changes effectively, whether through mergers and acquisitions, new product lines, department closures, international expansion, or strategic partnerships. Our solutions help businesses maintain core competitiveness throughout these transitions.

Our Services Include:

Organizational Diagnosis: Identify the strengths, weaknesses, and opportunities within the organization to develop a strategic plan for change.

Organizational Development: Implement strategies and practices that promote continuous improvement and development within the organization.

Organizational Design: Create an optimal structure that aligns with the organization’s strategy, enhancing efficiency and effectiveness.

Cultural Integration: Foster a cohesive and inclusive culture that supports the organization’s vision and values.

Process Optimization: Streamline and enhance business processes to improve operational efficiency and performance.

Change Management: Develop and implement a structured approach to transition individuals, teams, and organizations to a desired future state.

Talent Strategy

External recruitment may be required to fill some of the roles in the new structure, using a skills-based hiring approach. Preparing for this should be a key part of planning for change within an organization, especially since recruiting unfamiliar talent takes longer and can be more challenging during substantial or traumatic change. Talent managers who are prepared for change understand potential skills gaps and have detailed knowledge of the relevant market.

We provide comprehensive talent strategy services, including:

Talent Needs Analysis: Establish competency models, evaluate and identify outstanding high-potential talent, whether based on current business needs or for future organizational change.

Talent Assessment: Use tools like the Iceberg Model to evaluate talent’s abilities, qualities, and potential, deeply uncovering potential excellent talent.

Organizational Structure Optimization: Optimize organizational structure, control headcount, improve employment structure, and allocate costs reasonably.

Business Process Optimization: Improve business processes to enhance operational efficiency.

Talent Structure and Allocation Optimization: Adjust staffing according to organizational strategy to enhance core competitiveness.

How Acadia Does It

With our extensive experience, Acadia assists organizations in identifying key goals and aligning their strategic objectives with employee targets. Through performance management and comprehensive talent strategies, we ensure businesses are equipped to handle change effectively and maintain competitiveness.

Corporate HR Consulting

We have a team of experienced HR consultants who specialize in advising companies on their full range of rights and obligations. We design and streamline processes to help companies minimize HR-related risks. By offering competitive compensation and benefits, we assist businesses in attracting and retaining top talent. Our corporate HR consulting services cover all stages of the employment lifecycle, ensuring comprehensive support in human resource management.

Labor Law Consulting

We provide extensive HR consulting services to multinational and local companies, including advice on labor laws and regulations, local employment policies, social benefits policies, full-time and part-time employment consultation, foreign employment, non- disclosure agreements, non-competition clauses, and protection of trade secrets.

Labor Contract Termination and Dispute Arbitration

Our specialized team has over a decade of experience in handling labor contract terminations and labor dispute cases. We are well-versed in adjudication policies across the country and provide comprehensive solutions to address and resolve labor disputes.

Individual Income Tax Consulting and Planning

Our expert tax consultants offer detailed personal tax advice and planning services. We help both enterprises and individuals reduce their tax burden through strategic tax planning and effective solutions.