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Compensation Strategies
Use Compensation Strategies to Effectively Compete for HR Talent
Our Certified Compensation Professionals can help you to utilize your compensation program to more effectively attract and retain valuable employees.
We can help you to:
- Create/update job descriptions
- Align performance management with compensation
- Evaluate FLSA classifications (exempt/non-exempt)
- Establish a compensation philosophy (your desired compensation position relative to the market)
- Identify the external organizations with which you compete for HR talent
- Identify your benchmark positions, conduct analyses using current market data, and provide a detailed summary (i.e. min/mid/max and/or median) for your compensation planning
- Create/update your compensation structure (whether graded or banded), determine what pay adjustments are needed to meet your desired position in the market, calculate the financial impact of these adjustments, and develop an implementation plan to make the adjustments over a period of time, if needed
- Conduct analyses and provide recommendations regarding your incentive compensation structure
- Prepare a manager's guidebook, conduct senior leadership training, and prepare employee communication documents