Set clear communications on how your organization approaches total rewards and compensation practices.
Provide clarity with salary administration guidelines for managers regarding how pay decisions are made, factors considered, and the process.
Establish an internal job worth hierarchy to show the progression of the complexity of work, job responsibilities, and job requirements. A salary structure will also serve as a framework for pay practices in support of legal and regulatory requirements and guide management in making pay decisions.
Having accurate depictions of the job roles at your organization will help with hiring and retaining employees. Additionally, employees and managers can leverage this information for career planning and identifying career progression opportunities.
Do you know how your compensation compares to today's market? An annual review is considered a best practice. Get insight into the external market rates you need to know for your organization's positions.
Identify if your organization's salaries are internally consistent and market competitive externally and gain awareness if any discrepancies exist.
Ensure you remain market competitive with merit pay practices by creating a framework for the allocation of merit increases based on performance level.
Get insight into external market rates and typical package elements for executive-level positions within an organization.
Drive organizational success and employee engagement through a market-competitive total rewards program, providing additional ways for employees to earn compensation.
Institute financial parameters for reward and recognition programs to ensure spending is aligned with budget needs and the amount of the reward is appropriate based on the value of the contribution while driving employee performance and engagement.
Attract, motivate and retain top talent with your compensation and benefits package and employee support services. Our compensation and benefits consultants can help you navigate this advancing marketplace with industry insight and expertise.
Program Design, Evaluation & Implementation
Not quite ready to benchmark multiple positions? Helios HR, in partnership with PayScale, is pleased to provide you with FREE access to compensation data.