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HR Advisory

Remuneration & Compensation Surveys

misco conducts several salary benchmarking surveys, the aim of which is to provide the business community with reliable information about the different salary packages paid in the Maltese economy.  Our reports help you identify where your company is positioned and how competitive it is.

How can we help?

  • We provide insightful and detailed benchmarking tools, comparing positions of equal value within the labour market
  • Benchmark a number of positions within the local labour market with job roles you are offering, or are planning to offer 
  • Helps you attract, support and retain employees within the context of an overall HR and organisational strategy

Our clients include:

  • Companies that would like to determine the compensation strategy for their organisation and ensure salaries are competitive enough to attract and retain high-quality employees
  • Those who would like to gain insight into the minimum, maximum and average salaries, benefits offered and also those who wish to know what other organisations in the market are paying for roles of equal value
The misco Salaries and Benefits Report

This report is compiled with the aim of providing senior management with information about the various remuneration packages paid to managerial, executive and other salaried employees in Malta.

misco compiles this report for the following reasons:

  • Provide guidance on the pay ranges to be attached to grades or bands when designing a pay structure
  • Inform decisions on market supplements to the basic gross salary, to ensure that pay will attract and retain the people the organisation needs
  • Data is collected through individual interviews with companies, and the report analyses data between companies of different sizes and sectors. An analysis is also made between basic salary, performance related pay and fringe benefits.
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Sectoral Salaries & Benefits Reports

This report is compiled with the aim of providing senior management with information about the various remuneration packages paid to managerial, executive and other salaried employees within a particular sector of the Maltese labour market.

misco compiles this report for the following reasons:

  • Tracks the latest compensation trends in the Maltese labour market providing an up-to-date understanding across different functions
  • Provide guidance on the pay ranges to be attached to grades or bands when designing a pay structure
  • Inform decisions on market supplements to the basic gross salary, to ensure that pay will attract and retain the people the organisation needs
  • Data is collected through individual interviews with companies, and the report analyses data between companies of different sizes. An analysis is also made between basic salary, performance related pay and fringe benefits

Reports available for purchase:

The misco Salaries and Benefits Report for the Financial Sector 2021-22

The misco Salaries and Benefits Report for the Hospitality Sector 2019-20

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Specific/Customised Benchmarking Exercises

Benchmark a number of specific positions within the local labour market with positions offered by your company.

How can we help?

  • We design and administer customised compensation surveys to a defined group of peer organisations to obtain compensation data about specific positions
  • This study is meant to act as a benchmarking tool, comparing positions of equal value within the labour market
  • We respect the confidentiality of the client and survey respondents, and provide all results in a format that ensures confidentiality

Our clients include:

  • Organisations that wish to have a better idea of the remuneration packages offered locally, thus permitting more accurate and specific positioning of their company within the market
  • Those wishing to gain insight on salaries, bonuses, allowances and other non-monetary benefits offered in the market
  • Companies that want a reliable, realistic and up-to-date picture of what other companies are paying to recruit new employees, and to retain their current staff in specific economic or industrial sectors
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Employer Branding

Employer branding is a philosophy and not just a tag line.  It is a framework constructed on the psychological connection between your company and its employees.

How can we help?

  • misco helps you identify what differentiates you from other organisations operating in the labour market
  • We help you improve your employer brand image, which will attract motivated and committed employees sharing the same values as your organisation
  • We guide you through the process so that you can develop and communicate your employer brand effectively

Our clients include:

  • Organisations wishing to build a strong reputation as an “Employer of Choice”
  • Those wanting to decrease cost per hire
  • Companies that want to attract and retain the right talent
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Employee Wellbeing Assessment

Employees who feel well perform better. Our employee wellbeing assessment will help you gauge your employee’s wellbeing at your workplace and allow you to improve your work environment.

How can we help?

  • Find out how your employees the wellbeing of your employees at the workplace through a customised assessment 
  • Understand their needs, mental wellness, stress levels and concerns
  • We make recommendations, formulate an implementation plan and also help you implement it so that you can attain the work climate you wish to the workplace. This can also help you in creating a wellbeing program. 

Our clients include:

  • Companies that want to ensure they are instilling a healthy wellbeing atmosphere in the workplace
  • Those who wish to understand the wellbeing of their employees and support them
  • Organisations who wish to reinforce their employer brand which in turn sustains retention of their employees
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Employee Salary, Pay Policies & Practices

Compensation and reward strategies involve a lot more than simply paying your workforce; they offer opportunities to drive better business outcomes and help achieve organisational goals.

How can we help?

  • We include various elements that will embody the total compensation offered to the employees
  • misco provides a fair and unbiased perspective. An effective compensation policy is based on objective and up-to-date job descriptions, effective job evaluation and performance management, and relevant compensation management 
  • Deliver a proper procedure to measure the success of the organisation’s compensation programme by determining whether the compensation results in favourable retention numbers, workforce performance and motivation

Our clients include:

  • Companies that aim to attract, retain and develop a high-quality talent pool
  • Those who wish to motivate their workforce and sustain high morale
  • Organisations wishing to design a compensation policy that works for their organisation
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Performance Management Systems

A good performance management system works towards the improvement of the overall organisational performance by managing the performances of teams and individuals.

How can we help?

  • misco facilitates high level meetings with members of senior management and boards of directors, and provides training related to performance management systems for both appraisers and appraisees. We will champion the whole process on your behalf
  • Help you create a clear linkage between performance and compensation in a fair manner
  • Establish clear performance objectives by facilitating open communication and regularly providing open and transparent feedback to your employees

Our clients include:

  • Companies that wish to ensure their workforce appreciate the importance of their contribution to attaining organisational objectives
  • Those who would like to ensure that each employee knows what is expected from them and ascertain they have the required skills and support to accomplish such expectations
  • Businesses wanting to ensure the proper alignment of objectives and streamline communication in their organisation
  • Organisations that want to identify developmental opportunities and work on their succession planning process
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Job Evaluation

Evaluate and determine the value of jobs in your organisation so that a fair compensation system against various bands or levels can be established.

How can we help?

  • We provide organisations with the necessary tool-kit to carry out job evaluation exercises for an array of employees within an organisation. This assessment assists organisations in determining the relative value of various positions against a set of job and personal factors, such as qualifications and skills
  • misco helps you understand the nature of roles within your organisation and assists you to align them and their relative compensation

Our clients include:

  • Companies wishing to get a better idea of the organisation’s level of talent in-house, and what range of jobs employees can cover in line with the evolving labour market
  • Organisations that want to identify employees having abilities beyond their current job functions
  • Those who wish to ensure equality in salary structure and implement a standardised system
  • Businesses that wish to manage succession within their organisation
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misco HR Assessment (Audit)

An HR audit reviews all aspects of human resources and it takes HR to the next level – aligning it with your company goals, strategy and business results.

How can we help?

  • Conduct a thorough assessment of your HR function, objectives, and strategies 
  • We study current practices, recommend changes and align the HR function so that it will be business-driven
  • Realign your human resource function with your business objectives

Our clients include:

  • Companies that want to ensure they are following industry best practices in HR
  • Those who aspire to align HR goals, stimulating identity and alignment of HR policies and practices to corporate strategy and goals
  • Organisations wishing to enhance their HR function
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Skills Audit & Training Needs Analysis (TNA)

A skills audit will provide valuable information on where your organisation needs to improve, where to target training and development, and what skills you need to recruit for.

How can we help?

  • misco provides a snapshot of the organisation’s skills base and determines whether the organisation can meet its objectives
  • We can identify targeted and specific training needs, prioritise training and explore employee aspirations
  • Develop an understanding of the skills required and the gaps the organisation has, and how these gaps can be minimised
  • We can identify employees who need training and development

Our clients include:

  • Companies wishing to develop focused training and development plans 
  • Those who want to create better defined recruiting needs
  • Organisations that want to gain insight on their current competence levels
  • Those who wish to invest in career pathing and succession planning, based on accurate information on their employees
  • Businesses wanting to increase productivity as people are better trained and matched to their positions
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Employee Handbook - Practices & Policies

All organisations need to communicate their mission, vision, values and expectations to their workforce. An employee handbook is a good means to put these elements together.

How can we help?

  • misco can create a customised handbook for you, or update your current handbook so that it reflects current best practice
  • We will help you communicate to employees what is expected of them whilee they are employed with your company
  • We will design a handbook that introduces employees to your corporate culture, highlight the way you do things within your organisation, and help you ensure that key company policies are clearly and consistently communicated

Our clients include:

  • Organisations wishing to bring uniformity across their company by explaining workplace ethics and expected behaviour between colleagues 
  • Companies that would like to induct new employees by giving them clarity on work practices
  • Those who wish to have a reader-friendly, organised handbook for employees, the Human Resource team and a reference manual for managers 
  • Businesses requiring compliance with employment regulations 
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Company - Employee Communications

Communication is vital for an organisation to function well.  It is essential that both internal communication within your establishment, as well as the communication skills of your employees, are effective.

How can we help?

  • We help you identify gaps in communication within your organisation, and provide you with recommendations on how to solve any issues
  • misco facilitates the whole process on your behalf, and empowers and supports your management team
  • We will help you create a culture of communication and a better work environment, while still allowing you to remain in control of the dissemination of messages and their creation

Our clients include:

  • Companies that wish to improve management/employee relations through continuous feedback and exchange of ideas
  • Those wanting to keep their brand promise and satisfy their customers
  • Organisations that want to implement a consistent approach and strategy across the business
  • Businesses requiring that their employees understand the bigger picture and how they fit in 
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Recruitment and Talent Acquisition

Talent acquisition is a strategy businesses use to find and attract the most promising candidates who fit well within their organisation.

How can we help?

  • misco will help you design a talent acquisition strategy to cater for your organisation’s long-term requirements
  • Focus on long-term human resources planning and find appropriate candidates for positions requiring a specific skillset
  • We help you identify candidates who have potential to grow, meaning that as your firm grows, your employees will grow with you, by learning new skills and moving into new positions

Our clients include:

  • Companies that want to proactively build applicant pipelines to meet current and future business needs
  • Those needing to transform recruiting from an as-needed function to a proactive hiring function 
  • Organisations that would like to sustain their employer brand to attract the right candidates
  • Companies wishing to hire people who have the ability to grow beyond their role
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Onboarding & Induction

Onboarding and induction aim to welcome new employees to your organisation and help them integrate quickly and seamlessly.

How can we help?

  • misco designs a programme based on what you wish your new employees to feel, see and hear when they join your company
  • We help boost business growth by engaging employees early on. This allows you to attract and retain top talent by building a strong foundation for the intangible elements, creating an amazing work culture 
  • We encourage open communication, and build trust and alignment with the company culture and values

Our clients include:

  • Companies wishing to have a higher retention rate
  • Those who want to foster employee engagement 
  • Organisations that wish to show new employees that they are happy with them and allow them to feel they are part of the company
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Succession Planning

Succession planning has become essential for all companies, large or small. It helps companies deal with the departure of a key member of an organisation, and also caters for motivational matters such as career planning.

How can we help?

  • misco helps you identify and develop internal people, in particular “star” employees, with the specific objective of filling key business leadership positions within the company
  • We assist you to increase the availability of capable individuals prepared to assume such roles as they become available
  • We will help you retain knowledge within the company so there is a decreased risk of loss of experienced corporate leaders
  • We also ensure you link HR strategic planning business objectives and increase internal promotion and growth opportunities 

Our clients include:

  • Organisations wishing to develop a culture where leadership perceives corporate succession planning as an investment for the organisation
  • Those who want to build a solid leadership pipeline 
  • Companies wanting to ensure business continuity
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Workplace Conflict Resolution

Workplace conflict is unavoidable when you employ a diverse workforce. Conflict should, and can be, resolved.

How can we help?

  • misco helps executives, managers and employees optimise their inter-office relationships
  • We offer higher-level confidentiality, objective conflict management expertise and a safe space for employees to voice concerns and receive guidance on handling complex situations
  • We endeavour to turn conflicts into opportunities and improve interpersonal communication throughout the company, to create a more productive work environment

Our clients include:

  • Companies that want to improve inter-office communication and relationships
  • Those who would like to increase job satisfaction and, in turn, enhance productivity and efficiency
  • Organisations needing to create more positive energy and space for innovation
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HR Business Partner

Our HR Business Partners are constantly exposed to sharp-end customer contact, and keep themselves abreast in their specialised fields, through continuous professional development programmes. You can outsource part, or all, of your HR needs and use an HR Consultant on an ‘as-needed’ basis.

How can we help?

  • We are geared towards managing all aspects of your human resource needs in a high-touch fashion
  • Our team will work closely with you to address these key strategic issues within your organisation and design an HR strategy that is appropriate, and structured in such a way that it can respond to your changing priorities
  • Through this flexible solution, one of our consultants will be available either at your premises, or even remotely, for the required number of hours based on your specific needs

Our clients include:

  • Organisations wanting to ensure their HR function is in line with their business strategy
  • Businesses that do not have an HR unit, but wish to invest in this important function to remain competitive
  • Companies wishing to tap into misco’s knowledge and experience in the field of HR and use it to their advantage
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Assessment Centres

misco’s consultants are highly trained and experienced professionals dedicated to optimising the competency of individuals, with the aim of promoting excellence within organisations.

How can we help?

  • We provide an alternative method of recruiting to the usual interview structure 
  • misco aims to devise and implement Assessment Centres as part of a selection process, to assess the most suitable recruits and select candidates who possess the skills and values the organisation needs
  • We use our expertise in the field and our methodology that is designed to bring out behaviours relevant to the most important aspects of the position, or level, for which individuals are being assessed

Our clients include:

  • Companies needing to evaluate existing employees in a succession planning exercise
  • Organisations that wish to adopt an effective tool for predicting on-the-job behaviour, through the simulation of real work situations
  • Those who want to assess contenders objectively and reduce cost of hire
  • Companies aspiring to provide applicants with detailed, relevant feedback, which can be used for recruitment or to design personal development plans
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Reports & Tools

Due to our extensive involvement in Maltese businesses and knowledge of the local market, misco is able to issue a number of HR reports and tools on an ongoing basis. These are issued either periodically or customised upon client request and are aimed at providing insight to business leaders for them to be able to take informed decisions.

The Manual of Job Descriptions

This manual provides senior management with a solid foundation on which to design the company’s own job descriptions. It includes a practical and hands-on toolkit, giving the user all the necessary information on how to initiate and complete a job description writing exercise.

The report includes:

  • 116 job descriptions, classified under fifteen different headings
  • a job information questionnaire
  • a glossary of over 240 words often used to write job descriptions

The manual is based on high quality research and the extensive knowledge acquired through misco’s involvement in human resources consultancy.

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The misco HR Developments Report

This report represents the findings of a survey aimed at examining how the HR function in Malta is developing and is issued on an annual basis. Apart from the function itself, it assesses the various aspects of HR including recruitment, learning and development, performance management and pay and reward strategies.

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The Practical Guide to HR Management

The Practical Guide to Human Resources Management is a toolkit offering support to carry out the HR function and to ensure good practice. This guide will help you to successfully manage the following HR functions:

  • Recruitment & Selection
  • Employee Relations
  • Learning & Development
  • Performance Management
  • Reward Strategies
  • Employment Law

Whether you would like assistance to write a job description, attract talent or devise a continuous professional development plan, our toolkit provides you with step-by-step processes for your reference and use. It also provides thorough information regarding employment policies, employment law FAQs and an HR Audit checklist to ensure that your organisation is effectively managing its people.

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