Alera Group, a top independent national insurance and wealth services firm, announced today the acquisition of Compensation Works, a national compensation solution company providing data-driven solutions that support business strategies and human capital initiatives.
“Collectively, our team has well over 100 years of experience in providing compensation solutions to our clients,” said Colt Fosburgh, President of Compensation Works. “We have always been dedicated to delivering the highest levels of personalized service, and as the challenges faced by our clients become larger and more complex, we continue to grow and strengthen our capabilities.”
Compensation Works has extensive experience designing, developing, and implementing comprehensive compensation plans, including pay equity, job classification, and analysis, market pricing, pay structure development, performance management, executive compensation, strategic communications, and incentive design. The team has deep compensation consulting expertise working across many industries, including aerospace, biotech, design, education, financial services & insurance, food & beverage processors, gaming, healthcare, and more.
“Compensation Works has an excellent track record of client satisfaction,” said Alan Levitz, CEO of Alera Group. “They empower organizations with world-class customized solutions delivered with integrity, passion, and dedication. We are thrilled to have them join Alera Group.”
The Compensation Works team will continue serving clients in their existing roles. Terms of the transaction were not announced.
About Alera Group
Alera Group is an independent, national insurance and wealth services firm with more than $1 billion in annual revenue, offering comprehensive employee benefits, property and casualty insurance, retirement plan services, and wealth services solutions to clients nationwide. By working collaboratively across specialties and geographies, Alera Group’s team of more than 3,500 professionals in more than 150 offices provides creative, competitive services that help ensure a client’s business and personal success. For more information, visit www.aleragroup.com or follow us on LinkedIn.