Compensation Design & Administration
Compensation Design & Administration
We partner with executives to craft a compensation philosophy that aligns with your company’s values and strategic goals, establishing a robust foundation for rewarding employees. Our approach involves developing job architectures that standardize compensation practices and utilizing market data to benchmark roles for competitive and fair pay. We design comprehensive job levels and pay grades to create a structured framework for compensation decisions. This ensures consistency in hiring, career progression, and equitable pay practices, aligning compensation strategies with your organizational objectives.
We work closely with your finance and sales teams to develop commission plans that are aligned with financial targets and performance metrics. Our customized commission calculation models streamline the process, reducing the time spent on monthly or quarterly calculations and expediting commission payouts. We offer ongoing support for administering these models and establish efficient payroll processes to ensure accurate, timely payments. To further support your sales team, we design dynamic dashboards with real-time reporting, offering comprehensive insights into sales performance by individual, region, and product. These tools empower you to make informed, data-driven decisions and stay ahead of trends.
We collaborate with your team to design incentive plans that align with your company’s strategic goals and compensation philosophy. By understanding the specific behaviors you want to incentivize, we develop customized bonus, equity, and long-term incentive plans grounded in market data. Our approach ties these plans directly to company objectives, key performance indicators (KPIs), and individual performance. We ensure clear communication of these plans to employees, enabling them to understand how their performance influences their earning potential. Additionally, we provide educational resources to deepen employees' understanding and appreciation of equity awards.
We lead the annual compensation planning for your merit and bonus cycles by developing essential tools, including pay planner workbooks, detailed reporting insights, and total compensation statements. Our reports provide valuable data, such as the top ten highest-paid employees, year-over-year salary increases, and bonus payouts relative to targets. These insights help identify top-performing teams and individuals, enabling informed decision-making. We can also tailor these reports for your Compensation Committee meetings or approval processes. Our approach ensures a smooth, transparent process that enhances your employer brand and the employee experience.