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BRIDGEi2i helps shared services of a leading financial institution optimize cascading of annual merit increase budget based on performance. More about BRIDGEi2i at http://www.bridgei2i.com
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Customer Case Study
Information Insight Impact
BRIDGEi2i helps shared services of a leading financial institution optimize cascading of annual
merit increase budget based on performance.
Business Challenge A large global shared srevices organization, of a leading European bank, was operating in markets with high wage
inflation and demand for talent. They were keen to explore ways of optimal allocation of annual merit increase and
variable compensation pool, to align with a performance driven culture while retaining critical performers and still
remain competitive in the market for talent.
BRIDGEi2i Solution BRIDGEi2i held brainstorming sessions with management and compensation teams to structure the problem. The
need was structured under two broad category of solution:
Optimize Annual Merit Based Increment Budget
Baselined current levels of compensation relative to
market benchmarks for each region and job role.
Build rule to ensure increase help reduce gap from
market, maintain competitive position and linked to
performance
Built an optimisation model to identify annual merit
increase % for each segment considering the rules
and constraints
Provided a technology application, to enable
compensation planning teams run various scenarios
Variable Compensation Allocation across Functions
Defined key performance indicators for assessing business performance
Built a scoring mechanism to determine releative business performance
Built a model to optimally allocate bonus pool, define bonus allocation rules based on business performance
Business Impact
Compensation & benefits team was able to quantitatively define guidelines for annual merit increase ensuring
objectivity in allocation of annual increment pool, while meeting end busness objectives. Performance linked
variable incentive allocation process, helped create a standardized and transparent mechanism, providing incentives
for businesses to outperform each other. It also replaced a manual process which was long, rework prone and less
transperant.
About BRIDGEi2i BRIDGEi2i is an analytics solutions company partnering with businesses globally, helping them achieve accelerated
outcome harnessing the power of data. BRIDGEi2i helps companies to BRIDGE the gap between INFORMATION,
INSIGHT and IMPACT in their journey to institutionalize data driven decisions across the enterprise.
Merit Increase Tool
Average
increaseNew Median
Optimised
Increase
Optimised
Median
Difference
from Market
(Optimized)
8% 1,134,000₹ 7.68% 1,130,604₹ -7.45%
8% 2,376,000₹ 8.15% 2,379,238₹ 17.54% Optimize!
8% 700,164₹ 8.14% 701,092₹ -6.09%
8% 399,600₹ 7.94% 399,370₹ 13.60%
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