The Compensation Awards is an initiative organised by Coverflex, created to recognise companies and individuals who stand out for their excellence and innovation in compensation practices, and to inspire other organisations. This is an opportunity to celebrate those who are redefining the future of work and driving strategies that create a positive impact within their organisations.
The Awards are governed by principles of independence, methodological rigour, transparency, fairness, and the promotion of responsible people management practices.
The evaluation of applications will be conducted with rigour and transparency, ensuring that all submissions are assessed fairly and according to clear criteria.
The Compensation Awards recognise organisations and professionals who significantly influence the future of compensation in Portugal.
The awards highlight initiatives that promote:
- fair and transparent compensation practices
- employee wellbeing and financial literacy
- innovative approaches to benefits and rewards
- people-centred workplace strategies.
By giving visibility to these initiatives, the awards aim to inspire organisations to recognise the role of compensation in employee wellbeing and business success.
Additionally, the Compensation Awards have the following strategic objectives:
- promote benchmarking of compensation practices
- encourage pay transparency and equity
- foster a community dedicated to advancing good practices in Portugal.
The awards process is divided into five main phases:14 April 202629 May 2026, at 23:59until 11 September 202618 September 2026 1 October 2026The awards ceremony will take place in Lisbon, at a venue and time to be communicated in due course.
Dates may be subject to change for operational, logistical, or other reasons beyond Coverflex's control. Any changes will be communicated publicly with adequate and reasonable notice.
The awards are divided into a Company Category and a People Category.
In the People Category awards, participants may nominate a person they consider deserving of recognition, including self-nominations, provided these are validated by a third party (e.g. a colleague, manager, or client).
In the case of a self-nomination, the name, professional email address, job title of the person responsible for validation and the professional relationship between the two individuals must be provided. Upon submission, a confirmation request will be sent to that person, and the nomination will only be considered valid upon their confirmation.
This format allows individuals who have made a significant contribution to advancing compensation practices, people innovation, diversity, and inclusion in the workplace to be recognised.
Applications are submitted through the official website, premiosdacompensacao.pt.
Application Procedure:
1. Go to the award category page
2. Click "Apply"
3. Complete the application form for the relevant award
4. Submit responses and supporting evidence corresponding to the award being applied for
5. Each application is valid for one specific category only and must be submitted through the respective form. Applicants may submit applications to multiple categories, provided that an independent submission is made for each award.
6. Some awards may have additional specific requirements, which will be expressly identified on the respective application page. Where such requirements exist, they must be accompanied by the proof requested on the relevant application page.
7. Coverflex, its group entities, jury members, and any individuals or entities directly involved in the operational organisation of the awards may not submit applications or be eligible for recognition.
Only applications submitted within the stated deadline and through the official channels designated for this purpose will be considered valid. Incomplete, late, illegible, or non-compliant applications may be disqualified without prior notice.
Language and Format of Applications:
Applications may be submitted in Portuguese or English, and the chosen language must be used consistently throughout the submission.
Supporting documents must comply with the formats and limits indicated in the application form. The organisation is not responsible for files that are illegible, corrupted, or cannot be opened.
Where applicable, attachments should be presented clearly and concisely, prioritising information relevant to the evaluation of the application.
Each award is evaluated based on evaluation criteria and percentage weightings assigned to each criterion, according to its relevance in the overall assessment.
Applications are evaluated by an independent jury panel, composed of professionals from different fields, including human resources, compensation strategy, financial literacy, organisational leadership, and academia.
Jury members are selected by the organisation based on their experience, integrity, and professional relevance to the categories under evaluation.
The jury panel will assign a score from 1 to 10 to each criterion, based on the responses provided in the application. The final score will be calculated taking into account the weighting of each criterion, as defined for each award.
This process ensures a structured, fair evaluation that is aligned with the objectives of the awards.
Each application is assessed on a 10-point scale.Each criterion has a percentage (%) weighting that contributes to the final score.Evaluation process:Phase 1: Blind individual evaluation
Each jury member independently evaluates the applications on an anonymised basis, assigning a score to each criterion (1–10), without knowledge of the other evaluations.Phase 2: Automatic ranking
Scores are weighted according to each criterion's weighting, generating an automatic ranking based on the highest averages.Phase 3: Final jury deliberation
Following the establishment of the ranking based on the weighted scores, the jury may convene for final validation of the results and determination of the winners.
This deliberation may take into account:
- the overall consistency of applications against the evaluation criteria,
- the evidence presented,
- and the qualitative observations recorded during the evaluation process.
The final decision may confirm the ranking obtained or, on duly justified grounds, adjust it in exceptional situations, particularly in cases of a tie, where additional clarification is needed, or when the relative merit of applications must be validated.
The jury and the organisation also reserve the right not to award one or more prizes, should they determine that the applications do not meet the required level of quality or evidence.
The jury's decision is final and not subject to appeal.