How Are You Adapting Your Compensation Plans in a COVID-19 World?
The COVID-19 pandemic has been a financial and social shock to businesses across our country and the globe. Now is a good time for companies to consider if their approach to compensating their workforce is still appropriate in the changed and continually shifting business environment. In our latest video, managing consultant Joe Kager discusses how companies can adapt their compensation strategy.
POE Group, Inc. – Compensation Consulting Experts
The POE Group has been an independent compensation consulting firm since 1997. Our clients range from small businesses to Fortune 1000 companies in many different industries. Though our compensation consultants are based in Tampa, Florida we work with companies throughout the United States. We are a specialized consulting organization that prides itself on providing expert knowledge, creative solutions, the ability to implement, and excellent client service at a reasonable fee.
We take pride in delivering experienced, independent, and candid compensation advisory services using a collaborative approach. Our client retention ratio is above 90% in the last ten years, indicating the long-term value we provide.
Our engagements begin with gathering quantitative and qualitative information. We develop an understanding of the client’s industry, business drivers, organization, performance, and culture. Data is analyzed from multiple perspectives to provide a comprehensive understanding of an existing program’s strengths and weaknesses. New plan designs are driven by the company’s business strategy and culture.
An important aspect of our consulting approach is collaboration with our clients. We have found that this improves results by better aligning our recommendations to the cultural realities of the organization. Our clients consider us thought partners in designing compensation systems that fit with their organizations.