Sometimes organizations can have compensation programs that are outdated to the point where the rhyme & reason, as well as the history behind the current compensation practices becomes lost. Without proper attention and maintenance Compensation programs can become ineffective and even problematic over time. In these cases, multiple compensation projects may be needed to re-establish the stability and effectiveness of the compensation program. This is where a complete compensation study is recommended.
Though each of the services provided by Richardson Compensation Consulting, LLC can be performed as distinct projects, they all can be performed as part of a comprehensive compensation study. A compensation study is comprehensive in nature and allows you to completely design (or re-design) your compensation program from compensation philosophy to implementation.
Richardson Compensation Consulting, LLC can lead your organization through a complete compensation study, thus providing your organization with a modern, objective, defensible, and lasting compensation program that aligns with your HR strategy and positions your organization to achieve its business objectives.