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Compensation Systems
Our consultants work closely with client management to
develop a collaborative, consensus building process with other members of
management.
During the phases of a typical compensation
engagement, our consultants:
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Work with
members of the client’s executive team and/or Board to develop a total
compensation strategy. This helps ensure that the compensation program
objectives are clearly defined and support company goals right from the
start;
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Assess the
competitiveness of pay levels, practices and overall program framework,
compared to appropriate benchmarks, as well as the internal program
objectives;
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Review cash
and equity based incentive programs, including the pay-performance
linkage and performance metrics;
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Assess
compensation communication efforts in conjunction with all areas of
administration of salaries, bonuses, benefits, stock options, etc.
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Identify
ways to improve the effectiveness of the compensation program; and
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Work with
each client’s management team to identify any potential modifications to
the total compensation and incentive program designs, as necessary.
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