Employee Compensation Consulting

Aligning employee compensation systems to the business goals and culture of organizations is an integral step to creating a high performance organization. There are many approaches consider, each of which communicates a different message to your employees. We can help ensure the messaging hits the mark.

Reward Strategy Development: Reward strategies help set the framework for compensation programs. It is an important step to ensure that everyone is onshares the same pagegoals and focus. Reward strategiesThe reward strategy expresses what the compensation system is to accomplish and how it will be accomplished.

Total Reward Consulting: Many high performing organizations take a holistic approach to in their reward systems. This includes considering different components of total rewards including salary, short-term incentives, long-term incentives, benefits, the work environment, and the learning and growth of employees. Components are analyzed and tailored to the individual identity of client organizations.

Base Salary Plan Development: The foundation of employee compensation systems is a sound base pay plan. We work with our clients to partner in the development of traditional and non-traditional systems that create a framework to manage base salaries. Designs are scenario tested to understand potential outcomes.

Custom Job Evaluation System Development: Job evaluation systems address the question ofassess the value of an organization’s jobs from the perspectives of external competitiveness and internal equity. We partner with our clients to select the appropriate approach, and design the system based on the financial realities of the organization.

Short-Term Incentive Plan Design: Annual incentive plans provide alignment to near-term organizational goals. We design these plans based on business goals, organizational culture, and external competitiveness. Designs are scenario tested to understand potential outcomes.

Sales Compensation Plan Design: Many design options exist for compensation of sales professionals. We first analyze your current approach for both effectiveness and alignment to department goals. Additional data is gathering through quantitative and qualitative sources. Designs are scenario tested to understand potential outcomes.

Low Cash / Non Cash Recognition Systems: These programs provide the high touch, low cost element of total reward systems. Our experience and knowledge of proven approaches can assist our clients in tailoring systems to fit their culture.