A Roadmap to Navigate Compensation.
Compensation Consulting
Employee compensation is about more than numbers.
When you view compensation as an investment; it becomes a competitive advantage for your organization. It’s a mindset that allows you to attract top talent, improve engagement, and motivate behaviors for greater success.
SN’s workforce experts help you see beyond the numbers to create a compensation strategy that leverages industry data to design a framework for pay-related decisions.
Benchmarking
Data-Driven Compensation
Benchmarking is the first critical step towards building a compensation strategy. This in-depth analysis helps organizations create fair, yet competitive compensation offers. Compensation benchmarking can be a complex process, but results in better, more informed pay-related decision making. Through our extensive network of salary surveys and data, including industry-specific resources, SN’s benchmarking services include the following:
- Conduct job analysis of your positions
- Identify levers that impact compensation
- Perform detailed comparison of job descriptions and salaries
- Review benchmarking results with you
- Make recommendations based on comparison
- Align pay ranges with market trends
- Consider total compensation package
Plan Development
Compensation as a Strategy
In today’s highly competitive workforce, a well-defined compensation strategy can be a significant differentiator for your organization. SN’s workforce experts help you design a compensation plan that simplifies pay decisions and supports your goals of attracting and retaining top talent and creating an engaged and motivated workforce. SN’s compensation experts can help you:
- Define compensation philosophy
- Choose compensation methodology
- Structure job roles and levels
- Develop performance management process
- Establish increase/promotion guidelines
- Review total compensation package
- Identify behavior goals and measurement tools
- Create incentive plan
- Conduct incentive plan pilot study
- Implement incentive plan
Benefits
Sound Practices, Real Results
The benefits of a well thought out compensation strategy are significant and impact your organization both today and in the future. SN’s experts help you create a destination of talent where people build meaningful careers.
- Attract top talent during hiring process
- Retain your best employees
- Simplify compensation budgeting
- Drive high performance
- Encourage behaviors that align with growth goals
- Improve employee morale
- Meet pay related compliance requirements
Data-Driven Compensation
Benchmarking is the first critical step towards building a compensation strategy. This in-depth analysis helps organizations create fair, yet competitive compensation offers. Compensation benchmarking can be a complex process, but results in better, more informed pay-related decision making. Through our extensive network of salary surveys and data, including industry-specific resources, SN’s benchmarking services include the following:
- Conduct job analysis of your positions
- Identify levers that impact compensation
- Perform detailed comparison of job descriptions and salaries
- Review benchmarking results with you
- Make recommendations based on comparison
- Align pay ranges with market trends
- Consider total compensation package
Compensation as a Strategy
In today’s highly competitive workforce, a well-defined compensation strategy can be a significant differentiator for your organization. SN’s workforce experts help you design a compensation plan that simplifies pay decisions and supports your goals of attracting and retaining top talent and creating an engaged and motivated workforce. SN’s compensation experts can help you:
- Define compensation philosophy
- Choose compensation methodology
- Structure job roles and levels
- Develop performance management process
- Establish increase/promotion guidelines
- Review total compensation package
- Identify behavior goals and measurement tools
- Create incentive plan
- Conduct incentive plan pilot study
- Implement incentive plan
Sound Practices, Real Results
The benefits of a well thought out compensation strategy are significant and impact your organization both today and in the future. SN’s experts help you create a destination of talent where people build meaningful careers.
- Attract top talent during hiring process
- Retain your best employees
- Simplify compensation budgeting
- Drive high performance
- Encourage behaviors that align with growth goals
- Improve employee morale
- Meet pay related compliance requirements
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