Consulting
Compensation Philosophy Facilitation
Craft a formal statement of your company's position on employee compensation. Our consultants will guide your team through the process and help you develop a compensation philosophy statement that explains the "how and why" behind employee pay and creates a framework for consistency that helps you attract, retain, and motivate employees.
Consulting Services
The Competitive Environment:
Everyone wants the best talent, but that doesn’t mean they want the same talent. It’s important to define:
1) Who you’re competing with – which other employers?
2) Who you’re competing for – what talent?
Lead, lag, or match:
Are you going to lead, lag, or match the market? All three approaches have a time and place. We’ll help you figure out which one is right for your organization, in your industry, at this time.
Total Compensation Mix:
How will you weigh the combination of base salary, bonuses, commissions, and other forms of compensation that make up an employee's total pay package?
Linking Pay to Performance:
What percentage of pay will be variable and linked to performance? The optimal mix will vary greatly depending on the nature of the work, industry, and employees.
Your Pay Philosophy is a guide, not a rigid ruleset. It’s intended to orientate decision-making, not override practical realities for a given role or circumstance.
Together, we’ll partner with you to develop a Pay Philosophy that is dynamic, flexible, and entirely appropriate for your unique circumstances.
Get started with a free 30-minute consultation.
Diversified and experienced team
Our individual consultants have decades of experience in a variety of industries. We have the knowledge and skills to help you in your specific organization, industry, and circumstances.
An extra set of hands
Serious analysis is a big undertaking that all too often gets pushed to the bottom of the to-do list. This is a mistake, and everyone knows it, but sometimes your internal team just can’t get the time. Our consultants provide the extra resources and expertise to implement your compensation initiatives.
High-touch communication
Clear communication is a cornerstone of our process, and we will be with you every step of the way. Our team of consultants are available to provide guidance and support.
Third party neutrality
Bringing in outside help demonstrates your commitment to fairness, transparency, and impartiality. It also guarantees a level of discretion not always possible within an organization.
Salary.com’s Suite of Compensation Solutions
We leverage Salary.com’s industry-leading total compensation management platform, making full use of its trusted data and award-winning compensation solutions.
Start Assembling Your Dream Team
Insights You Need to Get It Right
