career-growth

Total Rewards Strategy Development

Philosophy and Approach

Our consultants have extensive experience in state-of-the-art Total Rewards Strategy development focused upon the total compensation package needed to help your organization maintain a competitive edge in the talent acquisition and talent management areas. We understand the strategic importance of attracting and retaining talent, and offer comprehensive strategies for integrating compensation, benefits, reward, recognition, leave programs, and performance management programs that strengthen your organizational capabilities and support strategic goals.

We will help you design, market, and communicate changes to your existing total compensation package, maximizing the opportunities for positive communication. Our compensation and benefits consultants will provide you with in-depth analysis of your current pay practices, benchmark with market comparators, and maximize your total compensation strategy. We will meet with you to develop a customized plan and assessment based upon the needs of your campus and the specific areas you wish to address.

Our comprehensive range of services includes:

  • Total Rewards Strategy design
  • Comparative analysis of TRS components including salary, benefits, performance and leave
  • Data gathering and analysis including position description analysis
  • Focus group facilitation
  • Data analysis and classification review and slotting
  • Development of a customized TRS model that maximizes employee satisfaction and career progression within existing resources
  • Development of job families and career ladders
  • Design of pay practices including variable pay and merit pay
  • Salary benchmarking with local, regional, and national markets
  • Comprehensive data comparison of salary and benefits
  • Presentations to employee groups, executive officers, and other key constituencies
  • Policy development
  • Design of effective employee communications
  • Customized reports and summaries
  • FLSA exemption status reviews
  • Reviews of hard-to-fill classes
  • Adverse impact and equity reviews