Issues:

The company did not have a common approach to their total rewards programs across their seven country footprint. This led to a lack of understanding of their labor costs, inconsistency in salary administration processes, and did not promote a unified culture.

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Total Rewards Consulting

• Developed a compensation philosophy and strategy to communicate objectives throughout the company.  Areas addressed included base pay, incentives, recognition, benefits, and learning and growth.

• Facilitated a review and consolidation of job titles.

• Developed a point factor plan and salary bands for different countries and geographic locations within the U.S. and Canada to address internal equity.

• Sourced external salary information for each geographic area to address external competitiveness.

• Segmented positions into distinct job levels that supported career development and of dual career ladders.

• Facilitated point factor evaluation with the client

• Integrated point factor results and external market data to determine assignment of jobs into pay grades.

• Calculated cost to implement the new system with different salary structure parameters.

• Developed salary administration guidelines to ensure consistency across the company.

• Provided management with training materials and support throughout implementation.

• Provided associate communication materials for use during implementation.

 

Total Rewards Outcomes

• Reduced unique titles in the organization by 40%.

• Market-based and geographically relevant pay structure.

• A common structure and approach to salary administration across the company.

• Better understanding of staffing requirements with the standardization of job titles/levels.

• Increased associate understanding of the company’s approach to compensation (market-based, internally equitable, and linked to performance).

• Increased consistency in application of compensation related processes.

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How Can We Help with Your Company's Compensation Needs?

 

To speak with our managing consultant, Joe Kager, call 813-546-8628 or email directly at info@poegroup.com.