Compensation Administration

Employee compensation and benefits are critical to every business today because compensation costs are increasingly becoming a larger portion of an employer’s overhead expenses. We design and develop compensation programs that control costs and avoid liabilities while keeping you abreast of changes with the Fair Labor Standards Act (FLSA) and other wage and hour laws.

Our market analysis is obtained through highly reliable national compensation surveys such as Watson Wyatt, Mercer and Economic Research Institute (ERI) along with a multitude of government and local industry surveys.

Let us help you:

• Design and develop new compensation systems
• Design and develop new executive compensation programs using short and long-term incentives
• Review of existing compensation systems for compliance and best practices
• Develop legally defensible job descriptions
• Provide advice on employee classifications with regards to the Fair Labor Standards Act (FLSA) and what constitutes hourly and salaried employees
• Conduct market pricing for all internal positions

Overall Plan Development and Methodology

1) Development of compensation philosophy

2) Objectives of a base pay program

• external equity (or competitiveness)
• individual equity
• internal equity.
• process equity
• performance or productivity incentives
• maximum use of financial resources
• compliance with laws and regulations
• administrative efficiency

3) Developing rates of pay for jobs

• job analysis
• job description development
• job worth hierarchy
• labor market data collection and analysis
• establishment of pay rates and/or ranges

4) Market Competitiveness and Internal Job Evaluation