o Identify all employee compensation (Corporate
and Nationally) |
|
|
- Annual salaries |
- Bonuses |
|
|
- Incentives |
- Commissions |
|
|
- Stock |
- Other forms of pay |
|
o Interview department teams and select employees
(Corporate) |
|
To determine: |
|
|
|
- True job description |
- Skill |
|
|
- Effort |
- True responsibility |
|
|
- True working conditions |
- True job title |
|
|
|
|
o Analysis of all employee compensation (Corporate
and Nationally) |
|
Analyze current compensation philosophy |
|
Analyze job descriptions including: |
|
|
|
- Skill |
- Effort |
|
|
- Responsibility |
- Working conditions |
|
|
- Education |
- Experience |
|
Identify discrepancies within the current plan
(Corporate) |
|
Identify like positions within the company (Corporate)
(CRA) |
|
Comparison within like positions (Nationally)
(CRA) |
|
Identify discrepancies within like positions
(Nationally) (CRA) |
|
Identify discrepancies with State and Federal
mandates (EEO - FLSA - DLSA - ADA - EPA - ADEA) |
|
|
|
|
o Analysis of Vertical Market (Corporate and Nationally) |
|
Identify competition compensation plan including: |
|
|
- Competition |
- Competition |
|
|
- Competition |
- Others |
|
Comparison of like positions within the vertical
market (Corporate) |
|
Comparison of like positions within the vertical
market (Nationally) |
|
|
o Travel for above analysis (Corporate and Nationally) |
|
Research select site to determine: |
|
|
|
- Vertical market |
- Market location |
|
|
- Size and productivity |
- Comparison within local market |
|
Interview select site employees to determine: |
|
|
- True job description |
- Skill |
|
|
- Effort |
- True responsibility |
|
|
- True working conditions |
- True job title |
|
|
Areas of Compensation Analysis Planning: |
|
|
o Design of proposed Compensation Plan (Corporate) |
|
Create compensation matrix for all employees |
|
Create bonus and incentive plan for all employees |
|
Create commission plan for applicable employees |
|
|
o Design of purposed Compensation Plan (Nationally) |
|
Create compensation matrix for all site employees |
|
Create adjusting percentage scale for variables
by state |
|
Create bonus plan for applicable employees |
|
Create bonus adjusting percentage scale for variables
by state |
|
Create incentive plans for productivity including: |
|
|
- Incentives for top producing sites |
- Incentives for top producing employees |
|
|
- Other incentives |
- Percentage scale variables by state |
|
|
|
|
Areas of Compensation Analysis (Other): |
|
|
Meet with Client and others regarding project |
|
Meet with other colleagues regarding market research |
|
Obtain State and Federal mandates for compensation
nationally |
|
Unforeseen issues |
|
Create proposal |
|
List to Collect: |
|
|
All Compensation information for all employees
(Current and historical) |
|
Job descriptions for all positions (filled or
not) |
|
All locations and list of it's employees, titles,
length of tenure, education and experience |