Partnering companies in attracting, retaining and motivating talents through innovative people-pay-performance management strategies

We partner with companies to review, design and implement innovative people-pay-performance management strategies. We focus on helping companies add value to their businesses by maximizing their investment in human capital. Our experience gives us the ability to produce tangible results that equip our clients to meet their business objectives. At Carrots Consulting, we are committed to your success.

Who we are

Carrots Consulting was established in 2000 as a management consultancy, specializing in people-pay-performance management strategies. As a reputable company in the region, we have in-depth experience in today’s Asian human capital market. Our highly specialized team has a vast wealth of knowledge and expertise that enables us to provide an efficient, effective and value-added service for our clients. Our extensive client base spans across all industries and includes some of the region’s largest and most respected companies. We are fast expanding our operations to strengthen and establish our reputation as a leading specialist management consulting firm in Asia.

Our Vision
To be the preferred management consulting firm in Asia specialising in people-pay-performance human capital strategies.

Our Mission
To provide high quality consulting services to help our clients add value to their businesses by maximizing their investment in human capital.

What we do

We specialize in:

Executive and Non-Executive compensation including:
Design of base salary and short-term incentive plans
Design and implementation of share-based incentive programs (i.e. share options, share appreciation rights, performance shares and restricted stock)
Design of cash-based long-term incentives (including Economic Profit incentive plans)
Design of benefits plans (including retirement plans, flexible benefit designs and internationally mobile employee benefit programs)
Non-Executive Director compensation including:
Cash (retainers and attendance fees) and share-based components
Valuation Services including:
Fair value accounting of share-based compensation plans using pricing models (i.e. Binomial, Trinomial, Hull-White, Monte Carlo)
Adjustment exercises to share-based compensation plans in light of corporate events (i.e. special dividends, rights issue, divestment)
Actuarial valuations for retirement plans
Total remuneration benchmark studies
Talent management and competency-based performance management systems
HR diagnostics – employee surveys and engagement studies
Work-force planning and modeling
Assisting companies to operationalize their Remuneration Committees in light of new corporate governance “best practices”


We add value to our clients through our Carrots' total solutions approach which incorporates total pay, performance and talent management strategies, where:

We focus our services on helping our clients develop their human capital by investing in people.
We build holistic and integrated total reward structures, including pay systems, to support our clients’ business objectives.
We help our clients to analyse the impact of changing business conditions on their human capital.
We build performance measurement and management systems to support our people and pay management frameworks.
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