Project Description

Benchmarking & Pay Structure Development

Compensation Works’ consultants specialize in helping clients develop and implement compensation programs aligned with their mission.
Our consultants have deep expertise in compensation programs, including global base pay, complex sales commissions, short and long-term incentive programs, and customized executive benchmarking retention plans. We have advised our clients on Federal and State labor law compliance, developed roadmaps to implement long-term compensation strategies across organizations, and developed custom surveys, training a and communication toolkits which that support the profitability and productivity of our clients.
We can provide a comprehensive assessment and recommendations by evaluating current practices and plans that support your strategic goals.

Free Report

REFRESH YOUR PERSPECTIVE

ENGAGE YOUR EMPLOYEES

STANDARDIZE YOUR APPROACH

What Does Our Benchmarking & Pay Structure Development Process Look Like?

1. DISCOVERY

Gather background information and assess current culture and policies

2. PLANNING

Develop project work plan and timeline

3. PARTICIPANTS

Determine key stakeholders and their roles

4. KICK-OFF

Conduct kick-off meeting and discuss compensation philosophy

5. DATA

Pull market data from our library of published compensation surveys

6. RANGES

Develop base pay ranges aligned with new market analysis

7. REPORTING

Complete the market analysis report and PowerPoint presentation

8. IMPLEMENTATION

Build a template for individual employee pay placement including pay placement table and implementation sheet

9. WRAP-UP

Present findings to project sponsor

TESTIMONIAL

“Compensation Works is certainly an expert in these issues and has access to market data to forumulate and support solid recommendations. They are knowledgeable, professional, thorough and timely. We feel we have a solid relationship with them. I would not hesitate to recommend Compensation Works.”

– CFO

Premier Athletic and Social Club

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Surveys Are Included

Our extensive fully licensed salary survey is included in the project price quote.

Fully Insured

We maintain multiple liability & cyber insurance policies.

We're Employees

Our entire team are employees.  No contractors here.

Best In Class SaaS

We use the finest AI powered Compensation Software available.  No Excel Here.

Fortune 100 Data Security

Our IS Partner, Microsoft, provides us with the same data infrastructure as Fortune 100 companies.

Over 100 QA Checks

Our AI performs over 100 QA checks then our seasoned team checks again.

WE BELIEVE

We believe proper benchmarking and pay structure development are the cornerstones for successful organizations and link directly to a happy, productive, and properly motivated team. Benchmarking is a direct investment in the competitive intelligence companies need to attract and retain high-impact talent.