Our team has deep compensation consulting expertise working across many industries. Every client has unique compensation requirements that require customized compensation plans. The four primary forms of compensation are salary, hourly, commission, and bonuses. Indirect compensation, such as benefits and equity-based programs, are an important a part of every plan.
When developing a plan there are a number of questions that we consider such as what your competitors are offering. The ages and generations of your key employees, what attracts your employees to the company, your key employees future goals with the company and whether your key employees appear loyal and satisfied. These are just some of the questions examine as part of the planning process.
We have experience in developing Short-Term Incentive Plans (STIP), Long-Term Incentive Plans (LTIP), Supplemental Executive Retirement Plans (SERP), Voluntary Deferral Plans and a Split Dollar Plans for the Industries we serve.
We strive to develop the right balance of compensation for the industries we serve.