fbpx

Purchase the KMA 2022 Employee Benefits Report with valuable total rewards data – Inquire here

 

Compensation

Is your compensation structure equitable and working to secure the talent you need?

 

A well-designed compensation structure is a strategic advantage.

Employee pay is the single largest expense for most businesses. To manage this effectively, aligning your total rewards to the overall strategic goals of your organization is essential. KMA can partner with you to develop a rewards program that’s competitive, equitable and above board.

 

 

Compensation advising

Our consultants can evaluate your overall position and develop a compensation strategy for resolving disparities and achieving your workforce and business objectives. We believe transparency is key and recommend an internal communication plan regarding compensation changes and policies.

Compensation structure design

We will work with you to define (or refine) your organization’s internal salary ranges or pay grades.
Learn more about Compensation Structure services

Pay equity assessments

We can conduct a pay equity assessment to measure compensation differences within your organization, determine your level of risk, and provide recommendations for resolving inequities.

Market analysis

By reviewing external labor market data, we can determine the competitive market-rate of any individual job, or provide analysis for all the positions within your company to determine overall market competitiveness.

Benefit and compensation surveys

Competition for talent is fierce, and the benefits package you offer is a key area of differentiation. Our customized surveys can provide clarifying data for your niche market, as well as targeted research into a particular set of benefits.

Performance and merit review process design

Establish a process and/or analysis for rewarding and compensating your employees based on their performance.

Variable pay – incentive and bonus

From plan creation to metric development, including calculation files, we can help you develop a variable pay program that rewards your employees for helping to achieve your organization’s goals and drive business success.

Executive compensation

Maximize your competitive advantage through an executive compensation program designed to draw in leaders who are best matched to drive performance and help your organization achieve its business goals.

Job description development

We can develop comprehensive job descriptions designed to attract the appropriate candidates and allow for accurate market data to be collected for compensation ranges.

HR Consulting Compensation Graphic

Not only is your total rewards management important for acquiring and retaining high quality, motivated employees, it’s one of the most effective ways to incentivize the behaviors that drive productivity and success.

 

Ready to talk compensation?

(207) 781-6460

MAIN OFFICE

251 US Rte One
Falmouth, ME 04105

SATELLITE OFFICES IN:

Massachusetts
New Hampshire Rhode Island