our process is tailored to each engagement, generally following four collaborative steps to develop solutions based on a deep understanding of our client's business situation, challenges and objectives.
BUILD IN-DEPTH UNDERSTANDINGof business environment, talent needs and current program designs
OBTAINED THROUGH:
- Interviews of key people
- Review of pertinent background material
- Analysis of past pay programs
- Industry analysis
EVALUATE CURRENT PROGRAMSto ensure they drive performance and engage talent
FOCUSING ON:
- Pay and performance alignment
- Clarity of rewards strategy
- Consistency of practices
- Peer group benchmarks
- Governance best practices
PROVIDE FINDINGS AND POTENTIAL APPROACHESto maximize return on total compensation spend
ADDRESSING:
- Confirmation of facts
- Benchmarking
- Fit with business goals
- Pay structure
- Plan design
- Regulatory compliance
- Committee process
- Degree of change, clarity
FINALIZE SOLUTION AND IMPLEMENTATION PLANto achieve program goals and business objectives
ASSISTING WITH:
- Prioritizing improvement areas
- Further developing recommendations
- Implementation planning (as appropriate)