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Compensation Consulting
ECI's compensation consultants:
  • assure clients that their compensation expenditures are appropriate and effective;
  • help employers develop programs that provide base pay to diverse groups of employees "fairly" (considering such things as job complexity, responsibility, working conditions: salary increase procedures; performance appraisal programs);
  • assist management in developing schemes to incent employees to behave in specific ways and/or achieve certain results (cash and stock based incentives);
  • guide organizations in locating information to help them evaluate the competitiveness of their pay programs;
  • develop analyses of client's total compensation and benefit packages which will answer questions such as:

    Is your Organization's compensation program:

    Aligned with your mission? Coordinated?
    Right for today's market? Competitive?
    Efficient to Administer? Understood?
    Well Received? Current?
    Cost Effective? Broken?
    Appreciated? Legal?


    Supporting your organization's overall mission/goals?

  Some of our "tools" are:

  • job analysis - determine what incumbents in a job actually do
  • interviews -  with BOD members, key executives, professionals and additional staff to understand corporate culture
  • salary administration documentation
  • surveys - compensation surveys/proxy analysis/attitude surveys/custom surveys
  • external support (published surveys/SEC lawyers/ compensation software providers plus many other disciplines of ECI Associates).

 

 


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