We support organizations with their compensation design.
What this might look like for your organization…
W&G can create design base pay bands by:
- Developing pay structure design alternatives, target bonus recommendations and modelling design scenarios based on your compensation philosophy.
- Providing an analysis of the employee impact and cost of base pay band recommendations.
- Proposing recommendations for compensation priorities based on organizational priorities and budget.
W&G can design short and long-term incentive (bonus) plans by:
- Meeting with senior leadership to uncover goals, values and vision for the organization.
- Defining a plan for incentive design that best aligns organizational needs and culture.
- Defining the scope, framework and priorities for incentive plan design.
- Providing market research on incentive targets by job level and role.
- Supporting senior leadership in defining the criteria and frequency for evaluating performance.
- Helping to identify incentive plan metrics, including business goals, individual performance targets, objectives and key results.
- Determining rating scale (if applicable).
- Finalizing incentive plan documents and communications.