P3HR

Compensation

Compensation means more than just pay . . .       


It is a tool for effective management of resources, or a means to integrate operational programs with employee activities.


It can
facilitate employee recruitment and retention.


It is
recognition.

 

Strategies - Our staff of experienced consultants know how to develop compensation plans to support the strategic goals of the organization, and how to set-up a simple program when that’s what’s needed. We also know how to construct plans to fit into a system of total compensation, flex plans that reflect benefits, operating environment, and employment practices. We understand the different needs between start-up organizations and multi-national organizations; as well as, for-profit and not-for-profit organizations, etc. 


We have extensive experience in:

  • Base pay structures and system
  • Job evaluation plans
  • Job descriptions
  • Pay for performance, bonus and incentive plans
  • Deferred compensation plans
  • Salary an wage administration
  • International and expatriate plans
  • Budget practices and preparation
  • Internal and external market analysis
  • Executive compensation plans
  • Performance assessment tools and training