Compensation & Benefits
Are you satisfied that your compensation budget is really working for you? Are your benefits costing too much? Is your benefits program under-appreciated by your employees?
Compensation carries the loudest message that companies send to their employees. Pay and incentive plans tell employees what the company values most, and where employees should focus their attention to achieve personal success. Effective compensation is a major factor in attracting and retaining key staff and it protects your business from the loss of valuable, trained and experienced employees.
Pay programs need to be well designed and maintained to assure competitiveness. We offer experience and knowledge to create a pay program that is positioned correctly in the external market, and applies dollars to reflect internal equity and individual employee performance.
- Attract the people you want, be competitive
- Improve return on your compensation investment
- Avoid compensation problems before they arise
- Plan and control your biggest expense
Organizing Your Compensation Policy And Process
Manage your compensation strategy so that you pay your employees correctly for the relative value of their job. We can help you determine appropriate compensation for your organization, relative to the external market in which your company competes for talent.
Pay Competitively In Your Reference Market
We can help determine the appropriate levels of compensation for jobs in your organization relative to the external market in which your company competes for talent. It makes good business sense.
Linking Compensation To Results
Compensate employees for their performance. Identify top performers and reward them appropriately. We can assist by developing performance assessment and management tools suited to your needs.
Leveraging Variable Compensation - Incentives
Maximize your return on your compensation dollar. Direct pay to where it pays off most for your company. Make sure that your employees know what performance you value most. We can help you get your employees engaged so they will maximize their performance.
Incentives need to be designed very carefully and monitored to assure that they produce the desired results. We have the experience and knowledge to create incentive programs that clearly tell employees what is expected of them, and how they will be compensated for achieving specific and measurable results.
Identify Goals That Help Grow The Organization
Manage your variable compensation so that you pay your employees for doing what you want. Make your compensation an investment in growth.
Set Objectives That Increase Revenue, Margins
Reward employees for doing things that increase profits, and which then pay for the incentive programs.
Setting objectives is a process that requires close attention. Managers and employees need to understand each other and be clear on their mututal goals. Well designed objectives are a basis for unambiguous assessment that promotes fairness and improved performance. We terach our clients how to develop effective objective-setting within their organization.
Link Company Interests With Employee Interests
Design programs that align employee rewards with company success by rewarding results that directly support company strategic needs.
Sales Incentives And Commissions
Compensate sales staff in a way that drives sales where you want them, and motivates sales staff to go beyond targets.
Job Evaluation
Understanding the relative internal value of the company's jobs is the starting point for equitable pay programs and matching jobs to the external market. It also is the basis for administering pay when planning for promotions, annual adjustments and daily salary administration.
Evaluating Jobs
Job evaluation is one of our strengths, based on many years of experience. Our tools compare a variety of universal factors that enable us to determine the relative value of each job in the organization. This becomes the basis for developing a pay structure that reflects the company operational structure.
Accommodating Change
Our process helps manage organizational change, by providing a common base for determining appropriate job and pay levels when jobs are created or modified to accommodate new organization structures.
Pay Equity Law Compliance
Pay Equity laws require that jobs be evaluated using a gender-neutral system. Our tools assure that the law is respected.
Benefits
Protecting Against Financial Problems Due to Illness or Accident
Everyone needs protection against the financial problems that come with illness, accidents or death. A well designed benefits program can provide peace of mind both for employees and for the company.
Attracting The Best Talent
Most employers have a benefits program that provides employees with basic protection from life altering disasters. Without a well designed program, fewer top employees will be willing to work for you, and your payroll costs may be higher than necessary to compensate.
Tax Effective Compensation
There are some tax advantages to providing a benefits program as one element of your overall rewards strategy. We can help by designing a benefits program that meets your employees' needs without costing too much, or revise your existing program to be more cost-effective while still providing the protection you employees need.
Compensation carries the loudest message that companies send to their employees. Pay and incentive plans tell employees what the company values most, and where employees should focus their attention to achieve personal success. Effective compensation is a major factor in attracting and retaining key staff and it protects your business from the loss of valuable, trained and experienced employees.
Pay programs need to be well designed and maintained to assure competitiveness. We offer experience and knowledge to create a pay program that is positioned correctly in the external market, and applies dollars to reflect internal equity and individual employee performance.
- Attract the people you want, be competitive
- Improve return on your compensation investment
- Avoid compensation problems before they arise
- Plan and control your biggest expense
Organizing Your Compensation Policy And Process
Manage your compensation strategy so that you pay your employees correctly for the relative value of their job. We can help you determine appropriate compensation for your organization, relative to the external market in which your company competes for talent.
Pay Competitively In Your Reference Market
We can help determine the appropriate levels of compensation for jobs in your organization relative to the external market in which your company competes for talent. It makes good business sense.
Linking Compensation To Results
Compensate employees for their performance. Identify top performers and reward them appropriately. We can assist by developing performance assessment and management tools suited to your needs.
Leveraging Variable Compensation - Incentives
Maximize your return on your compensation dollar. Direct pay to where it pays off most for your company. Make sure that your employees know what performance you value most. We can help you get your employees engaged so they will maximize their performance.
Incentives need to be designed very carefully and monitored to assure that they produce the desired results. We have the experience and knowledge to create incentive programs that clearly tell employees what is expected of them, and how they will be compensated for achieving specific and measurable results.
Identify Goals That Help Grow The Organization
Manage your variable compensation so that you pay your employees for doing what you want. Make your compensation an investment in growth.
Set Objectives That Increase Revenue, Margins
Reward employees for doing things that increase profits, and which then pay for the incentive programs.
Setting objectives is a process that requires close attention. Managers and employees need to understand each other and be clear on their mututal goals. Well designed objectives are a basis for unambiguous assessment that promotes fairness and improved performance. We terach our clients how to develop effective objective-setting within their organization.
Link Company Interests With Employee Interests
Design programs that align employee rewards with company success by rewarding results that directly support company strategic needs.
Sales Incentives And Commissions
Compensate sales staff in a way that drives sales where you want them, and motivates sales staff to go beyond targets.
Job Evaluation
Understanding the relative internal value of the company's jobs is the starting point for equitable pay programs and matching jobs to the external market. It also is the basis for administering pay when planning for promotions, annual adjustments and daily salary administration.
Evaluating Jobs
Job evaluation is one of our strengths, based on many years of experience. Our tools compare a variety of universal factors that enable us to determine the relative value of each job in the organization. This becomes the basis for developing a pay structure that reflects the company operational structure.
Accommodating Change
Our process helps manage organizational change, by providing a common base for determining appropriate job and pay levels when jobs are created or modified to accommodate new organization structures.
Pay Equity Law Compliance
Pay Equity laws require that jobs be evaluated using a gender-neutral system. Our tools assure that the law is respected.
Benefits
Protecting Against Financial Problems Due to Illness or Accident
Everyone needs protection against the financial problems that come with illness, accidents or death. A well designed benefits program can provide peace of mind both for employees and for the company.
Attracting The Best Talent
Most employers have a benefits program that provides employees with basic protection from life altering disasters. Without a well designed program, fewer top employees will be willing to work for you, and your payroll costs may be higher than necessary to compensate.
Tax Effective Compensation
There are some tax advantages to providing a benefits program as one element of your overall rewards strategy. We can help by designing a benefits program that meets your employees' needs without costing too much, or revise your existing program to be more cost-effective while still providing the protection you employees need.
