Total Rewards Strategy Development
The ultimate question we ask is “What should your Total Rewards programs look like to best support the business?” We engage senior leadership and/or Board members in setting a Total Rewards strategy which is business aligned.
Deliverables
- Understanding of Total Rewards Rationale (Strategy Doc)
- Leadership Commitment to Total Rewards Strategy
Base Salary Competitiveness & Program Design
Our process is simple:
- Define the who, the what and the how of our client's competition
- Match your jobs to the survey benchmarks
- Deliver clear & concise results and conclusions on market competitiveness & positioning
- Engage our client’s in pragmatic, data-driven solutions whether they be actual salary decisions or relevant salary range structures
Deliverables
- Business-focused Base Salary Program
- Locked-In Survey Data Base
- Defined Base Salary Practices
Incentive Design, Modeling and Execution (Management, sales et al)
We deliver incentive plan rationale and plan structures (short or long-term) geared to the organization’s “scorecard” and operational environment.
Deliverables
- Incentive Plan Designed
- Defined and Aligned With Business
- Defined Financial Relationship
Total Rewards Program Communication and Implementation
The rollout of a new or amended pay and/or benefits program is critical in determining how effective it will be. We work with clients to develop a rationale for plan change and craft the most effective tools to communicate it.
Deliverables
- Communication/Implementation Plan for “Roll-out”
- Communication Tools (Training, Managerial Communication, etc.)
Labor Market Pricing & Total Reward Negotiation Strategy
We provide both accurate and timely salary and benefits data to both job candidates and employers in real time. We act as a “sounding board” in arriving at pay & benefit packages that will be a “win-win” for both employer and employee.
Deliverables
- Market-relevant survey data
- Advice and Counsel on Pay Package Negotiation