Suncorp

Suncorp logoJohn Mulcahy

Chief Executive Officer

Suncorp

Suncorp Testimonial Original Testimonial


Greg Brogan has been responsible for designing and implementing Suncorp's performance based remuneration systems over the past 2½ years and I am very happy with the results.

 

Greg and his team helped us change the way we reward our people. Remuneration is now a fundamental performance improvement device in our management tool kit.

 

By implementing these methodologies we have become pro-active in our approach to remuneration by shifting the emphasis away from the external market towards performance improvement. This allows us to:

  • Enhance the value proposition to prospective employees.
  • More effectively communicate business objectives and performance at all levels of the organisation.
  • Ensure that our remuneration arrangements are more closely aligned with our performance management system, our behaviours and values, our employee engagement initiatives and with the objectives of our shareholders.
  • More effectively manage the fixed cost of labour.

 

We have also been able to transfer responsibility for remuneration decisions to management and to give them the tools and the framework to manage pay.  Importantly, through all our initiatives in the HR space including remuneration, our behaviours and values have become very real components of the definition of performance.