A personalized pay philosophy and approach. A unique, creative and tailored approach to pay that will reflect your values and culture and will guide pay design, decision-making and communication.
Ensure your offerings are competitive. You will know how competitive your organization’s pay is relative to the market and have a plan for how you want to approach compensating your employees.
Make pay decisions easier. A pay philosophy and structure eases administration and facilitates competitive and consistent decision-making for new hires, promotions and ongoing pay decisions.
Knowledge is power. You will have all of the information to make informed pay decisions. You can proactively make adjustments when you need to retain your employees and you will avoid making uninformed pay decisions that lead to costly mistakes by overpaying or over-hiring.
Improve pay perception. How employees feel about their organization’s approach to pay and fairness has a higher impact on job satisfaction that the amount they are paid. This work will set the foundation to ensure that your employees are not in the dark about how wage levels are set, whether they are competitive and if they are paid well.
We provide total rewards & people advisory and services customized to meet the specific needs of our clients.
COMPENSATION SALARY SURVEYS – Some of our favourites and why
As companies compete for talent, salary surveys provide organizations with data on the pay for jobs in the market. This data allows companies to know if they are paying employees competitively and target a competitive pay position. We recommend purchasing third-party salary survey data that collects data directly from employers of the participating companies. This… Continue reading COMPENSATION SALARY SURVEYS – Some of our favourites and why
Is Your Company Competitive?
How to Create a Comprehensive Compensation Framework to Attract and Retain Talent. As workers consider switching jobs, prioritizing flexibility and other perks, the time is perfect for companies to define a compensation philosophy and framework to guide promotions, hiring, and pay raise decisions. The world of work shifted significantly within the past year, and employee… Continue reading Is Your Company Competitive?