About Colt Fosburgh

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So far Colt Fosburgh has created 12 blog entries.

Survival Guide to Crisis Communications

By |2019-07-03T09:44:15-08:00July 3rd, 2019|Blogs, Communications|

Crisis: A crisis is defined as an event, situation, or public initiative that threatens a company's ability to effectively operate its business. A crisis can escalate into a disaster or long-term impediment to business growth if not handled with efficiency and sensitivity to all involved.  When a crisis occurs the need to communicate is immediate and corporate communications teams are often put to the test. How the team responds to an

Washington State Implements Salary History Ban

By |2019-06-05T15:26:25-08:00June 5th, 2019|Benchmarking & Pay Structure Development, Blogs, Communications, Executive Compensation, General Compensation, Pay Equity Compliance, Sales Compensation Design|

In early May, the Washington state governor signed the Washington Equal Pay and Opportunities Act (EPOA). This act imposes pay transparency requirements that go beyond most other pay equity laws and will likely affect most employers in our state. Here’s what you need to know: The EPOA prohibits Washington employers from inquiring about an

Pay Transparency

By |2019-05-13T15:39:23-08:00May 13th, 2019|Benchmarking & Pay Structure Development, Blogs, Communications, General Compensation, Sales Compensation Design, Short & Long Term Incentive Plan Design|

Trending: Pay Transparency Trying to find an appropriate balance when discussing how you determine pay and what an employee’s earning potential is, can be tough. As we continue to see concerns about wage gaps, pay inequities and miscommunications, organizations have an excellent opportunity to share more information about how compensation programs are designed and

Pay Equity Regulations Prompt Action and Close the Gap

By |2019-04-15T10:56:37-08:00April 15th, 2019|Cases, Pay Equity Compliance|

Challenge: Our client was interested in achieving and maintaining gender pay equity among their workforce.   Solution Deployed: We know that base pay often is a root cause of total compensation pay gaps, so we began by reviewing current pay practices and organizational structures. We then gathered all relevant data and were able to complete a thorough analysis that included looking beyond performance ratings:  at other factors that are less prone

Sales Incentives Require Critical Update

By |2019-04-04T19:25:07-08:00April 4th, 2019|Cases, Sales Compensation Design|

Sales Incentives Require Critical Update Challenge: Our client had been purchased by a venture capital firm and was facing a merger. Existing sales incentive plans needed refreshing as retention of the sales force was critical. Current incentive plans were complicated to understand and needed to be streamlined and simplified. It was also necessary to

Aerospace Company Long-Term Incentive Design

By |2019-04-02T16:31:50-08:00April 2nd, 2019|Cases, Executive Compensation, Short & Long Term Incentive Plan Design|

Creation of LTI: Aerospace Company Challenge:  Our client needed to redesign their current long-term incentive plans to better promote and foster alignment of long-term financial interests between management and shareholders . They wanted to sunset their existing plans and have one simplified, easy to understand plan. They wanted the new plan to incent long-term growth and teamwork, and be directly related to key business metrics.    It was important to them to promote a team environment for decision making, showcase leadership in technology

Privately Owned Company Long-Term Incentive Design

By |2019-04-03T13:24:13-08:00April 2nd, 2019|Cases, Executive Compensation, Short & Long Term Incentive Plan Design|

Creation of Long-Term Incentive: Privately Owned Company Challenge:  Our client needed to develop an affordable, long-term incentive plan that would serve as a robust retention tool.  Our client engaged us to redesign their long-term incentive plan to be affordable and aligned with the growth of the business, without reducing participation or reducing incentive opportunity for participants.  Solution Deployed:  Our team conducted a thorough review of the existing compensation package, conducted interviews with

Effective Communication: Is it time for a Communication Audit?

By |2019-04-02T16:32:14-08:00March 11th, 2019|Blogs, Communications|

Do you know if your employee communication is effective? Conducting a communications audit can be a great way to find an answer to that vital question. The audit process is an excellent opportunity to highlight strengths, find opportunities for efficiencies, shape content strategy and uncover any possible weaknesses. Why is effective communication so important?

Trending Perks: Remote Work Environments

By |2019-02-27T17:16:12-08:00February 27th, 2019|Benefits Assessment, Blogs, Communications|

Trending Perks: Remote Work Environments One of the most significant perk trends we have seen over the past year, and expect to see more of in the future, is a flexible work environment. Remote work has become easier thanks to technological advances and increased mobility. This trend is prompting organizations to explore new ways