Compensation refers to base salary, cash bonus, commissions and other non-monetary benefits such as extended health benefits, life and disability insurance, stock options, etc. Having a competitive compensation package is important for retaining, attracting and rewarding top talent.
Kudos if you already have a formal compensation program in place! If you’re wondering whether your compensation program is market-competitive, we can conduct a compensation benchmarking analysis and present the findings to your executive team, along with recommendations.
If you don’t have a formal compensation program in place yet, we recommend you seriously consider implementing one. Using industry best practices, we’ll work with your executive team to design a compensation structure that is legislatively compliant and will help you achieve your business objectives.