Base Salary and Compensation Programs
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Base Pay Salary Programs
Fair and market-based compensation is a cornerstone best practice for preventing high turnover, low morale, and uneven performance. Our clients desire to have a market-based, customized base pay structure that aligns with their:
Talent strategies and workforce priorities to attract, reward, and retain employees
Company’s compensation philosophy
Industry sector practices
Whether your organization desires a traditional pay program organized by job grades (for either hourly or annual salary positions), or desires a strategic pay program that incorporates variable pay as an incentive for driving specific business objectives, both approaches require a base salary program developed after a comprehensive review of positions and external market pricing.
PRJ regularly works with clients to develop a firm’s first base salary program or to ensure an existing one remains current and relevant to the business. Examples include:
Pay program initial design and development
Recommendations for pay program updates aligned with the economy and industry trends
Merit increase budget recommendations
Market pricing to support pay decisions for new or changed positions
Reviews of selected benchmark positions or at-risk jobs
Management advisement on routine and non-routine pay issues
Objectively researched and well-developed pay programs are more likely to be implemented with administration and more easily understood by all levels of management and staff. Our team also supports program transition and integration if desired by the client.
Implementation and Transition Support
Project execution is where success will or will not occur. PRJ can support execution of pay program implementation or transitions in several ways, including:
Implementation planning and design: project plan, timelines, and compensation philosophy
Provide training on program design and administration to leaders, management, or staff
Support integration with performance management systems
Provide guidance on internal communications to various stakeholders
Develop administrative guidelines to bring consistency to the delivery of internal practices
These services are particularly helpful for clients with accelerated project implementation timelines, or for those who are implementing a base salary program for the first time. Our goal is to help launch the salary program and ensure success of its ongoing execution for you and your organization.
Customized Technical Support and Program Analytics
Sometimes clients simply need a strategic thought partner on pay and related issues, especially during organizational change, departmental redesign, for compliance review, or when the HR team is short-staffed.
PRJ provides consulting or technical resources to support a successful project launch or to objectively evaluate your current program:
Pay Equity Analysis and Auditing
Reward Program review and cost analytics
Research on best practices and trends in base compensation or total compensation
Key stakeholder presentation design and/or delivery
Support for design of tracking tools for annual salary adjustments and pay decisions
On-site or remote support for special pay projects
Development or enhancement of a firm’s Pay-for-Performance Programs to align with performance objectives and criteria