Compensation is a key incentive to motive employees to strive for higher levels of productivity in a competitive environment. Compensation plans need to be tied to the strategic mission of an organization and should take their direction from that strategic mission. They must support general business strategy.
- Is grading structure needed?
- How to determine the base pay?
- How to evaluate jobs?
- How to design the bonus/commission system?
- Are stock options required?
- What should be the components of the benefits package?
- Can we implement tax efficient compensation program?
CL&Y helps you to decide on the right reward strategy & construct the best packages for your organization. We offer a complete range of compensation, benefits and rewards services-from planning, design/ review, implementation to communication.
Did you link pay to performance?
How effective is pay in staff retention?