Payroll Compensation & Benefits Development
Adequate knowledge of financial and nonfinancial pay practices within the industry and across the environment is essential in developing pay strategies to effectively retain and motivate staff. The reward is one of the reasons why we work. It is important to ensure reward practices adequately attracts and retain talent to drive business strategies.
Our salary and benefits survey obtains compensation details of benchmark jobs from participating organizations and fits these jobs into the client’s existing grade system. A trend line analysis of the actual market pay value is determined in order to develop an appropriate pay structure with uniform pay scales.
Outputs
- Compensation Philosophy
- Compensation and Benefits Survey Tools and Reports
- Compensation Structures
- Benefits Practices
- Compensation Cost Analysis
