Pay & benefits design

• Understand your current position within your target pay markets.
• Our consultants will assess the market competitiveness of your pay programs and make recommendations for adjustments based on your recruiting and retention goals.

• As a follow-on to a Competitive Pay Assessment engagement, our compensation experts will use our CompAnalyst® platform and market compensation data to model competitive salary structures, compose salary ranges, and audit job levels to assign to appropriate ranges.
• In addition, our team will analyze salary range placement for job incumbents and if necessary, estimate the cost to adjust employee pay.

• Create fair and effective base pay programs.
• Our consultants will assess the market competitiveness and internal equity of your current pay practices, help you design a base pay administration program, build salary structures, and work with you to make changes based on your compensation philosophy.

• Enhance the strategic value of your variable pay programs.
• Our consultants will partner with you to understand business objectives and design long- and short-term incentive programs that reward employees fairly and motivates them to achieve stretch goals and deliver results.

• Motivate your sales team with commission and incentive pay plans that are aligned with your growth objectives and drive your business forward.
• Our compensation experts will optimize your sales compensation plans and work with you to set goals and incentives that increase sales performance and maximize your revenue potential.

• Design benefits programs that are aligned with your total rewards philosophy and deliver a clear competitive advantage while containing costs.
• Our consultants will review how employees currently perceive your benefits offerings, develop competitive new benefits plans that fit within your budget, and help you communicate the value of your new benefits programs.

• Assess the competitiveness of your talent markets and determine if your new hire offers are above or below market prices.
• Our compensation specialists will analyze your candidate pool paying attention to the reasons candidates accept or decline offers and use our New Hire data set inside  CompAnalyst® Market Data to determine if your starting compensation offers are competitive. They will provide insight into issues like pay compression and help you make smart pay decisions and win the war for talent.

Assess peer company executive compensation offerings and determine the competitiveness of your executive pay packages. Ensure they are aligned with organizational objectives.

Develop competitive total rewards programs that attract and retain top executive talent.

Our consultants will assess peer company executive compensation offerings, work with you to design executive pay packages that motivate leadership to increase profits and share price, and develop programs that meet your business goals.