Compensation Consulting
Compensation is a reflection of how an organization values the talents, ethics, productivity, passion, skills, and experience of an employee. People have diverse ways on what this means to them, based on needs and what constitutes job satisfaction, what are the emotional rewards associated with the job. Unless there is a clear and common understanding of what constitutes an appropriate and acceptable compensation, this topic can cause unnecessary conflict in an organization. The concept and the perception of what is compensation is highly interpretative. Hence, the key to formulating a successful compensation strategy lies with the ability to effectively communicate and verify that the employer and the employee are aligned on the form and substance of the compensation. The employer is accountable for designing and communicating an equitable plan, and the employee is accountable for deciding to accept the plan.
Consulting
Custom development of compensation guidelines including base salary, stock options, bonuses, and sales commissions.
Guidelines are based on in-depth understanding of corporate objectives and missions of non-profit organizations, compensation philosophy, headcount planning, budgets, and employee equity sharing. Compensation is a key indicator of company values – a direct reflection of how you view your employees. So guidelines are developed with management to accurately reflect and represent intended organizational objectives and ensure employees feel valued.
Training
Compensation Linked To Performance
The Performance and Compensation Management Strategies workshop provides thoughtful insight and experience to review key strategies. This session is specifically designed for Senior Executives and Department Managers.
This is a customized workshop based on company specific compensation philosophy, financial resources, and varied forms of stock options. The workshop includes the following basic aspects of compensation management:
- Compensation Philosophy: Why You Do What You Do?
- Compensation and Reward Elements: Base Salary, Bonuses, Stock Options, Benefits, Sales Commissions
- Surveys and Benchmarks: How to interpret and how to use
- New Offers: How to succeed in formulating an offer that will be accepted within the guidelines
- Salary Reviews: Philosophy, purpose, and process
- Stock Options Grants Post Hire Review: Philosophy, purpose, and process
- Communication: How to Talk Money, challenges, and process; assistance with and coaching for negotiations and facilitation of difficult conversations.
- Cultural Differences: Bridging cultural gaps to achieve equal results globally. Rewards and incentives that are aligned with the company’s values within the bounds of corporate financial goals.
Companies may include other material depending on objectives and maturity of the management team.
“Cecilia’s value system aligned well with those of Adara. During the time she worked for the company, she managed to balance the interests of employees and what was appropriate for the company while maintaining an ethical and accountable approach to how we managed the teams.”
Charles Mi, Former Co-Founder and CTO, Adara
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