An effective compensation and benefits program attracts, motivates and retains qualified staff. A market study and analysis of compensation and benefits for one or more positions selected will help you define compensation as it compares externally to similar businesses in your area, as well as internally to other positions of comparable job responsibilities within your organization.

Development of appropriate compensation grades, ranges, and bands enable you to effectively manage internal position comparatives; formalize the compensation planning process; and if communicated to employees, outline the employee's opportunities for growth.

Our Human Resource Consultants will review all pertinent information including base salary, bonus or commission opportunity, and benefits. A market study will be performed based on comparative responsibilities and qualifications of the position, your type of business, size and location. A final matrix analysis with recommendations will be presented to management. Our services include:

Compensation and Benefits Analysis

• Confirm positions included in analysis
  
  
• Review job descriptions
  
  
• Review pay ranges and current compensation and benefits for selected positions
  
  
• Conduct comparative study of relevant market data based on industry, size, area
  
  
• Prepare matrix analysis of competitive compensation and benefits and their relative importance
  
  
• Present findings and recommendations to management

Compensation Grades, Ranges and Bands

• Confirm positions included in pay grades, ranges, or bands
  
  
• Review job descriptions
  
  
• Review current pay grades, ranges, and bands
  
  
• Conduct comparative study of relevant market data based on industry, size, area
  
  
• Prepare grades, ranges or bands appropriate to the organization
  
  
• Present recommendations to management