Compensation Strategy

Dear All,
I have been asked by my management to come up with a compensation strategy for our employees. Presently their is no clear cut plan as salaries get reviewed with no justification and some employees get increases without meriting it. I have been asked to develop a strategy that will be performance based and also sustainable for the company. We are an Oil Servicing Company based in Nigeria. Taking into consideration our environment, kindly help me out with ideas and templates ASAP. Thanks.

Hi!
My company, Emilla International Consulting Services, can help you formulate and implement a very good compensation program and strategy. Let me know if you have budget for external consultants.
But, offhand, the four (4) compensation principles (internal equity, external competitiveness, affordability, & sustainabiity) will be of great help to you and your organization. So, be familiar with them!
Best regards.
Ed Llarena, Jr.
Managing Partner
Emilla International Consulting Services