Compensation Philosophy and Strategy
Your company’s compensation philosophy must drive decisions and behaviors for the design and execution of every aspect of total rewards. A compensation philosophy is more than a position relative to the market. Your philosophy will drive your peer group selection, pay levels, and critical design elements. An active compensation philosophy evolves with your company as market conditions and needs change.
FutureSense believes organizations need a strong compensation philosophy to attract, retain, and motivate top employees. Creating or clarifying your philosophy is a critical success factor in delivering solutions that stand the test of time.
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Our Process
Step 1:
Discover
Clarify the intentions, goals, and capabilities of the company and build the foundation for the solution.
Step 2:
Design
Detail the features and critical elements of the solution, and deliver the final plan overview.
Step 3:
Deliver
Ensure the company knows how to manage and measure the success of the solution. Provide communications and modeling for participants.
Step 4:
Evolve
Provide ongoing support for questions and adjustments during the initial year after delivery.