Align your employee compensation and total rewards with your business strategy to attract, engage and retain top talent.
Total Rewards Philosophy Development
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.
Job Leveling & Job Descriptions
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.
Employee Pay Equity Review
Identify if your organization's salaries are internally consistent and market competitive externally and gain awareness if any discrepancies exist.
Merit Budget Planning
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.
Bonus & Incentive Plan Design
Drive organizational success and employee engagement through a market-competitive total rewards program, providing additional ways for employees to earn compensation.
Rewards & Recognition
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.
Get a Gut Check!
Not quite ready to benchmark multiple positions? Helios HR, in partnership with PayFactors, is pleased to provide you with FREE access to compensation data.