eXceptional Aligned Compensation
Is compensation your largest budget expense? Are you getting the return for that investment that you could? Are the processes you use to determine compensation as effective as they could be in getting you a return on your investment?
Has your compensation program helped you attract and retain the top performing “A” players you want in your organization? Are you paying for results or activities? Are you compensation programs aligned to help you achieve the strategic initiatives of your organization? Through our experience and extensive database of salary survey information, Strategic Alignment Partners can help you prepare the plan to best meet your organization philosophy, culture, mission, goals and objectives.
Your compensation program can be simply an expense or it can be a tool that helps you attract the right talent for superior results, retain the right talent and align people’s actions with the results you are trying to achieve. Strategic Alignment Partners performs and goes beyond straight market analysis to help you align your compensation programs with the goals you are trying to achieve. Whether it be work on your base salary program, developing appropriate incentive compensation programs or executive compensation our goal is to help you ensure you get the returns for the dollars you are investing in compensation.
Incentive Compensation. Incentive compensation programs can be powerful tools if used in the right way and designed to deliver what you say you want. It is amazing how sometimes the littlest thing in an incentive plan can end up with results that are not in alignment with what you say you want. Sometimes it only takes minor tweaks to an existing plan to get people focused on the right things. Sometimes it takes creating a plan from scratch to ensure you’re getting the results you want for the investment you’re making. Our approach to incentive compensation design emphasizes rewarding performance that adds substantive value to your organization. Our plans are designed to ensure they pay for themselves and to encourage change in performance on the part of employees. Strategic Alignment Partners has a 7-step approach to evaluating and designing incentive compensation plans that work and get the results you want.
Executive Compensation. Our approach to Executive compensation involves a comprehensive analysis of all components of executive compensation. This includes base salary, annual bonus, stock options, LTIP, benefits and perks. We identify the appropriate mix and level of compensation components for your culture and position in the business life cycle. We use data from our customized surveys, internal data bank and top line survey sources. In addition, we can work with your organization during the process of evaluating your executives whether through the development of a customized 360˚ survey, interviews or other work with your Board of Directors.
Base Salary. Are you getting the greatest possible returns for the salaries you are paying your staff? Are your compensation structures aligned with the objectives you are trying to accomplish? Are you on top of market trends in pay? The primary objectives in developing a base salary program is to develop a system that provides an approach that enables you to effectively manage limited resources, works effectively within your culture and is seen as fair and equitable thereby limiting the pressure on managers. The key to any salary structure working is that it be aligned with the philosophy and values of your business. What works in one company might not work for your company. While we have access to all the “traditional tools of the compensation trade” we also look beyond those to ensure you are getting the greatest return for the dollars you invest in compensation. Strategic Alignment Partners can update your existing salary structure using our extensive database of market information or we can help you build an effective program for managing base pay from scratch. Our services in this area include job evaluation systems, customized market surveys, access to our extensive database of market data, salary structure development, policy guidelines and communication.
