Compensation is broader than what you pay your employees for the work they do. Total compensation includes salary, cash bonus, commissions and other non-monetary benefits. This includes time off programs, health & wellness benefits, insurance, etc.
Rewards programs are used to supplement your compensation offerings. If designed correctly, they will tied directly to business drivers. Rewards are a great way to differentiate as an employer, while increasing employee engagement.
If you don’t have a compensation and/or rewards program in place, we can help you to build and implement one. If you have one, but are have questions about it… we can perform a market analysis and present the findings to your leadership team, along with recommendations.
We encourage compensation and rewards programs that are both market competitive AND tied directly to your business’ success factors.