Competitive & Defensible Pay Programs
The management of reward and incentive schemes within companies with limited HR resources need not be the onerous task it appears to be. Traditional approaches to pay determination are being increasingly scrutinized. Managers face pressure to increase productivity, increase product or service quality, and control labor costs. In light of all these pressures, managers today are trying to find innovative ways to design and manage employee compensation, but first you need to ensure that your basic programs are legally compliant.
At Complete HR, we focus on the following issues:
· Review current practices for compliance with the Equal Pay Act and the Fair Labor Standards Act regarding such issues as overtime, record keeping and compensation requirements
· Evaluate jobs and develop job description formats
· Determine pay structure for internal pay consistency and external market competitiveness.
Additionally Complete HR is available to consult regarding:
· Alignment of compensation programs to strategic objectives
· Design of performance based incentive programs
· Development of reward and recognitions systems |