Employee, Executive Compensation and Benefits with HR Consultants
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Employee, Executive Compensation and Benefits with HR Consultants
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Compensation is about more than just a flat salary. Additional benefits also need to be considered. Benefits such as:
- Stock Options
- 401(k) Plans
- Medical Insurance
- Dental Insurance
- Paid Time Off (PTO)
- Equity in a Company
- Phantom Stock
- Stock Appreciation Rights
- Restricted Stock Grants
- Life Insurance
- Short-Term Disability Insurance
- Long-Term Disability Insurance
- Leaves of Absence
- COBRA
- Employee Health and Wellness
- Market Pay for Any Job
These, and other employee perks, can make the difference between a great employee coming and staying to work with you versus choosing another employer, so it is well within your company's interest to have the help of an HR expert who is well-versed in these and other aspects of compensation and benefits.
Compensation Management as Employee Engagement and Motivation
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The human resources professionals who consult through Human Resources Pro are experienced and skilled in both carrying out and training others to carry out the following functions:
If you or your HR consultant can manage these expectations with your employees, the 'taboo' around discussing pay and other compensation is reduced, creating a more comfortable work environment where people understand why they are paid what they are, and what they can do to improve. This results in positive outcomes for both your business and your employees.
- How to answer employee's questions tactfully.
- Developing and communicating a company-wide compensation philosophy.
- How to communicate salary expectations and compensation.
- How to create performance-linked compensation.
- How to use compensation as a motivator and not a de-motivator.
If you or your HR consultant can manage these expectations with your employees, the 'taboo' around discussing pay and other compensation is reduced, creating a more comfortable work environment where people understand why they are paid what they are, and what they can do to improve. This results in positive outcomes for both your business and your employees.
Other Compensation Factors
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Job
Pricing
Pricing
- What does the market say a specific job is worth?
- We provide market pay data for one job or as many jobs as you need. Click here.
Pay Administration
The actual process of paying employees and how it can be affected by:
- Merit increases (More employee motivation!)
- Promotional increases
- Off-cycle pay adjustments
Job Descriptions
As mentioned on our Organizational Development page, there are many benefits to having job title naming conventions. Tying compensation to the job title hierarchy also helps employees with:
- Role definition.
- Understanding of job duties and responsibilities.
- Qualifications tied to a position.
- A better work environment due to clear communication.
Variable Pay
We understand your business is unique and not every position benefits from the same types of compensation, so we also consult on:
- Management bonus plans.
- Sales incentives.
- Recognition and reward programs.
Executive Compensation
Upper management and C-level positions tend to have more complicated pay structures.
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Whatever your business' human resources needs, Human Resources Pro has qualified, experienced HR contractors to help. To learn about the human resource topics we cover in addition to employee compensation and benefits, please see our Services Page. We offer full-service and a la carte consulting, custom-built to your company's requirements.
If you're a human resources specialist and are interested in working as a contractor through Human Resources Pro, contact us for more information.
If you're a business that already knows what you're looking for, you can also search our HR Directory to look for consultants in your area who can help. Human Resources Pro is proud to have a carefully curated, nationally available selection of professional HR consultants with many areas of HR expertise. Contact us today to learn more.
If you're a human resources specialist and are interested in working as a contractor through Human Resources Pro, contact us for more information.
If you're a business that already knows what you're looking for, you can also search our HR Directory to look for consultants in your area who can help. Human Resources Pro is proud to have a carefully curated, nationally available selection of professional HR consultants with many areas of HR expertise. Contact us today to learn more.
