Total Compensation Strategies
Total compensation programs are typically the single largest expense aspect of an organization’s budget. Effective total compensation systems are essential to achieving a competitive advantage and to the long-term growth and success of any organization. Benefits, total compensation, behavior change, communication and health economics all play a roll in determining the compensation strategy.
Claudia and Rick have helped clients from Fortune 100 companies to family-owned businesses address these challenges. Our Health and Productivity approach offers you a strategy for achieving sustained cost savings without diminishing benefits or asking the workforce to accept increased contribution levels. Our best process model integrates health, disability, workers compensation and safety, and has achieved substantial, ongoing savings for our clients.
Our team works with you to:
- Assess current total compensation programs and levels to ensure they help support and drive attainment of business objectives
- Create an effective total compensation philosophy which is brief and straightforward, provides an umbrella for all compensation programs and assures continuity through Board and leadership turnover and succession
- Design and implement all elements of a total compensation program, including base salary, annual and long-term incentives, benefits, retirement and career growth and development
- Ensure that each individual element of total compensation—and all elements collectively—support organization strategy and are cost effective.