Feeling a little lost when it comes to deciding what to pay your employees and contractors? Let us help by designing a market-competitive, internally equitable base pay structure or performance-based incentive plan that attracts, motivates, and retains your best talent.
Effective executive compensation programs motivate executives to pursue goals and expend resources in ways that serve the longer-term best interests of the organization and its owners/stakeholders. We are available to work with you in structuring executive compensation packages that will attract, retain and motivate the leadership talent necessary for your organization’s success.
Sales compensation plans can play a tremendous role in driving sales excellence, but they present many complex design challenges. We can help you define your company’s specific sales roles and responsibilities, and translate your unique sales strategy into a plan which motivates and rewards the efforts necessary for sales achievement.
BASE SALARY STRUCTURES
The base salary structure is the foundation upon which all performance and reward programs rest. On its own, the base salary system helps ensure that employees are consistently and fairly paid, in line with the organization’s intent and objectives. In addition, it provides a solid base from which to successfully implement incentive compensation programs to drive individual, group and organization-wide performance. Our consulting team can assist you in developing a base salary structure that meets your unique needs.
Incentive compensation plans – also known as variable pay plans – are those reward programs whose payments are contingent upon some measure or measures of performance. Incentive compensation can be a powerful tool for aligning employee efforts with organizational objectives. We are available to work with you in designing and implementing incentive plans that will deliver the results you are seeking.
COMPETITIVE MARKET PAY INFORMATION
From our published survey library, we can provide you with competitive market data on base salaries, incentives and total cash compensation for the jobs in your organization. Our market pricing service is also available for individual jobs.
COMMUNICATION AND TRAINING
The success of any human resources initiative depends as much on its communication and implementation as on its technical design. Ensuring that employees, managers and organizational leaders understand the programs and have the knowledge and skills necessary to fulfill their roles and responsibilities is critical to program success. We are available to plan, design and deliver communication and training to support all compensation program and practice areas.