SHRM_TLB_1.4.19

Total Rewards Design and Market Pricing

Available from Workplace Synergistics, Inc.

Rewards programs don’t have to be expensive to be effective; however they are more effective when designed well.  Get the greatest return on your talent investment by systematically developing a syncronized compensation management system.  Hire well and pay fairly to optimize, retain and align your employees' efforts with your company's growth and achievements. During challenging economic times, companies face two very real challenges.  First, a necessary focus on the bottom line can put top talent at risk as salaries remain flat and incentive rewards slump. Second, as the economy recovers, a new risk arises as other organizations attempt to lure your best talent away.  

Compensation Philosophy and Base Pay Salary Management
Compensation Strategy Development
Base Compensation
Pay Grade and Salary Structure Development
Salary Administration Guidelines
Market pricing for all jobs to assess the competitiveness 
Ensure internal equity and external competitiveness
Design communication tools
Geographic and shift differentials
​The Power of Great Performance Management

Incentives, Bonuses, Commissions and Equity Plans (Executive, Sales, Other)
Bonus plan design
Commission structure design
Short-term and long-term incentives
Equity plans

Workforce Development
Leveling and developing internal peer sets and job hierarchies, career Paths
Succession Planning
Job Descriptions, Purpose Statements and Scorecards
Policy Development

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