Compensation Works

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So far Compensation Works has created 20 blog entries.

Inform, Engage & Inspire: How to Communicate Effectively

By |2019-02-22T09:46:07-08:00February 8th, 2019|Blogs, Communications|

I have seen a great deal of debate about whether internal communication teams should report up thru Human Resources (HR) or should reside within an organization’s corporate communications team. You are in luck! I’m not planning to have that same debate. I am here to say that having a communications team somewhere within an

Focus on Employee Engagement

By |2019-02-07T13:52:10-08:00January 25th, 2019|Benchmarking & Pay Structure Development, Blogs, Communications|

Much has been said about employee engagement over the last few years as companies focus on maximizing employee productivity. Companies, regardless of their ability to bring in new talent, should nurture the talent they have. Data suggests that as a company’s employee engagement increases, so does the bottom line. Unfortunately, many companies are challenged

Compensation Philosophy Negotiation

By |2019-02-20T14:39:44-08:00January 18th, 2019|Cases, Executive Compensation|

Challenge: A Board of Directors disagreed about whether pay levels of the executive team were appropriate. A discussion with the Board revealed that each Board member was bringing different values and expectations to the pay review process. Solution Deployed: We walked the Board through a Compensation Philosophy development process and tool that allowed the

Compensation Planning & Salary Structure

By |2019-02-07T13:47:46-08:00January 11th, 2019|Benchmarking & Pay Structure Development, Blogs|

It is the time of year when many organizations plan next year’s merit budget and salary structure adjustments. Perhaps you have read articles about how merit budgets are eking up from the historical 3%. It is essential to know the trends within the industry to plan precisely. Depending on your organization’s industry, the expected

Re-thinking Pay Entitlements

By |2019-02-20T14:40:01-08:00January 4th, 2019|Benchmarking & Pay Structure Development, Cases|

Challenge: An organization with long-tenured employees had hundreds of different job titles and were receiving significant complaints about internal equity. Solution Deployed: We conducted a complete assessment of the compensation program. As a part of this assessment, we identified necessary changes that needed to be made to the pay plan. More than $500,000 in

CEO Pay Negotiation

By |2019-02-20T14:40:09-08:00December 14th, 2018|Cases, Executive Compensation|

Challenge: After five very successful years, the CEO’s employment agreement was coming up for renewal. The CEO asked us to provide him with information that he could use during his negotiation with the owners and the Board. Solution Deployed: Rather than provide the CEO with salary information, we recommended engaging the Board in a

Gain a Competitive Advantage with Pay Equity

By |2019-02-26T12:33:58-08:00December 7th, 2018|Blogs, Pay Equity Compliance|

Barely a day goes by without some mention of equitable pay.  Whether it’s in the news or a briefing from a legal firm or HR society, there is quite a bit of buzz about pay equity – and for good reason: The National Women’s Law Center (NWLC) published a report based on the most recent U.S. Census Bureau data showing that women earn 80 cents for

Competitive CEO Compensation

By |2019-02-20T14:40:18-08:00November 30th, 2018|Cases, Executive Compensation|

Challenge: With a critical business transition looming, there was concern that the CEO was at risk of leaving and that the pay package was not competitive with current market rates. Solution Deployed: We conducted a thorough analysis of base pay, short-term incentives, long-term incentives (equity equivalent) and perquisites. Target pay rates were identified based

Recruiting: Share Benefits That Set You Apart

By |2019-02-07T14:04:51-08:00November 23rd, 2018|Benefits Assessment, Blogs|

With both the U.S and Seattle unemployment rates hovering around 3.5%, benefits are becoming a more significant bargaining chip when recruiting talent into organizations. Benefits can become a useful tool during the recruiting process when there are fixed wage offers due to internal budgeting or salary compression. Additionally, some benefits may not be static

Compensation Structure Redux

By |2019-02-20T14:40:27-08:00November 16th, 2018|Benchmarking & Pay Structure Development, Cases|

Challenge: A biotech organization requested our assistance to achieve the following goals: Review existing strategies, practices and policies related to compensation across the organization Develop a robust compensation structure that could be implemented and executed consistently for the next several years Provide guidance and recommendations for implementing recommended changes Assist in the development of