Building fair and competitive reward fit for the future at HIF Global

The challenge

HIF Global is the world’s leading e-Fuels company, fighting climate change using ground-breaking technology.

Verditer supported HIF Global to develop and implement a reward strategy that is consistent across locations and supports rapid global expansion.

As a unicorn company, reward frameworks were locally driven and largely responsive. Moving rapidly from project to operation, it was a key element of the growth plan to align people processes in a simple and agile way.

“After developing ‘ The HIF Way’ to embed our culture, the next step was to create transparent and fair reward foundations to bring consistency and support growth.”

Our approach

Verditer supported the development of a simple and dynamic reward strategy aligned to ‘The HIF Way’, which enabled the attraction and retention of talented people.

“Verditer understood that we didn’t want a corporate solution that constrained us, but a strategy that would guide and enable us for the next few years as we mature.  Julia’s involvement of senior leaders played to our collaborative culture and built trust. She synthesised varying views and our desire to do the best, into something simple.”

The outcome

Implementation was in three stages: bonus design, external pay benchmarking, and the creation of clear pay structures based upon existing career levels.

“The bonus design has the right mix of global and individual goals, and, alongside the structure we needed, importantly for us, has some manager discretion. Our business is so fast-moving that our reward mechanisms must be agile to align with our evolving business goals.” 

Pay benchmarking was aligned across all locations and used as the basis for pay structures to support consistent decision-making underpinned by clear pay principles.

“Verditer’s understanding of our current reality and challenges has been pivotal in accommodating our uniqueness. Their flexibility meant the benchmarking was accurate, and the pay structures gave us a tool to deliver fair pay across our locations”

“We’ve put in place the structures and governance for today, but also set ourselves up for tomorrow, for long-term success.” That balance isn’t easy, but I’m comfortable that we have achieved it.”