Senior leadership jobs within your organization have their own unique compensation features and risks. For reasons that are unique to the organization, some leadership jobs may not be included in the base pay structure with the rest of your organization’s jobs. Sometimes, leadership jobs are compiled into formalized base pay structures that must be maintained…
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Job Evaluation
Why overpay and/or underpay for your jobs if you don’t have to. A job evaluation (a.k.a. job pricing analysis) is the process of analyzing a job’s characteristics and market information to assign a pay grade and salary range (from the organization’s base pay structure) to a job. This process involves reviewing all factors about a…
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Incentive/Variable Plan Design
Incentive compensation plans are based on the theory that rewards drive behavior. Applied to your organization, incentive compensation plans enable will enable you to produce targeted results by rewarding employees who are responsible for those results. Although commissions (sales based) are likely the most well-known example of an incentive plan, the arrangement exists at various…
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Base Pay Structure Design
Your organization’s base pay structure (a.k.a. salary schedule, step schedule, pay plan, salary table, etc.) is the heart of your compensation program as it contains all the pay grades and salary ranges that are used within the organization, except for jobs that report directly to the Board. The base pay structure should be reviewed and…
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