In a business environment focused on value creation, having the best people is more important than ever. In fact, many experts believe that attracting, motivating, and retaining the best talent is one of the greatest obstacles to growth over the next decade.
Smart companies are finding ways to get the most from their investment in compensation and rewards without sacrificing the ability to compete for talent. For many, this means creating programs that establish a direct connection between an organization’s goals and objectives and an employee’s focus and actions. It’s a strategy that shifts compensation strategies to performance-based programs and emphasizes the combined value of pay and benefits.
Backed by world-class research and data, our consultants help you make the right choices for your organization. We offer a complete range of compensation and rewards services—from total rewards strategies to executive and broad-based plan design. In addition, we help you tailor communication strategies for specific audiences, ensuring that your workforce truly understands how pay and benefits add up to total rewards.
Executive compensation
Reacting to regulatory developments, governance pressures, and corporate scandals, shareholders and boards have mandated unprecedented levels of change over the past few years.
As a result, many companies find themselves with more questions than answers. Our executive compensation consultants can help by combining unparalleled global expertise with best-in-class data, technical knowledge, and experience in advising board and compensation committees across all industries.
We help companies design executive pay packages that align with business strategies while balancing management and shareholder interests. To minimize compliance risks, our Center of Technical Expertise serves as a global resource, monitoring the latest technical developments regarding accounting, tax, securities, and employment law issues.
The result: executive pay programs that make good sense, drive the right behaviors, and contribute to business results.
Broad-based compensation
Most companies have turned to total rewards and pay-for-performance programs as a vehicle for maximizing return on investment and employee potential. Variable pay is now a major part of compensation design for nearly 80% of U.S. companies, according to our Salary Increase Survey.
But the success of a new plan hinges on proper design, execution, and communication. To ensure that your plan succeeds, our consultants start by understanding your business objectives, then build a plan tailored to your specific goals.
By looking at your entire pay structure—from base pay to bonus opportunities—and understanding the competitive pay set for your industry, we’re able to answer the fundamental plan design questions: “How do you stand against others?” and “How do you get where you want to be?”
Our compensation consultants then draw on our experience in helping thousands of organizations through the same process to determine the most effective implementation plan.
When it’s time to roll out the new plan, our communication experts help develop a program that keeps your workforce informed, motivated, and focused.
Compensation analytics
Comprehensive data drives insights that lead to action. Our total compensation market data leverages unsurpassed global depth and breadth to help you make quicker, smarter decisions based on facts and our proprietary data analysis.
We gather and analyze market data to offer general and custom surveys, covering both individual pay components and total compensation competitiveness.
And our worldwide presence helps us uncover country-specific, regional, and global trends—information that helps you stay ahead of the compensation curve.
Please contact us for information about our complete suite of compensation and rewards services.
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