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Employee Retention, Compensation Strategy, Talent Acquisition, Pay for Performance, Incentive Plans, STIP

Compensation

You need to retain talent, incentivize for performance or attract new employees and you wonder what it would take and what your business can afford

Your human talent is critical to delivering value. We will help with employee retention, linking performance with results and with talent acquisition, at the right cost.

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This will lead to a compensation strategy aligned with your financial plan and outlining employee benefits and pay, including base pay, bonuses, time off, potential incentives, and other.

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This could include:

  • Evaluate your current strategy, pay systems, vendors and employee engagement plan against your forecasts and budget.

  • Review market data and salary surveys and adjust your strategy accordingly.

  • Evaluate jobs and descriptions to define what you need from your employees to reach your goals and theirs. Create STIP (short term incentive plans) to align your management team and your organization with the goals of your organization.

  • Model the financial impacts

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