PAY & BENEFITS OVERVIEW
A structured approach to Pay & Benefits helps you attract and keep good people. It involves:
- Making sure your jobs relate properly to one another internally
- Making sure that you are competitive, compensation wise, in your employment market
- Making sure your benefits are competitive and meet your employees’ needs
- Customizing a compensation plan for your organization
- Communicating to your employees
We’ve provided all the forms and general directions you will need to build your company’s compensation plan. This area can, however, get a little complicated and, if you need help, we are just click or a call away. We advocate using a Compensation Consultant ($4-6K spend) if you want a professional job done with proper internal and external pay information considered. However, there are also other less sophisticated ways of managing compensation in small companies and these are explored in the 6 links below where you will see the applicable downloadable documents: