ECI
consultants respond to a wide range of issues. The following
are FAQs that indicate that we might be able to be of value to
your organization:
- We
are having trouble hiring/retaining (a specific category)
of employee;
- It
seems that our payroll costs keep going up, but we aren't:
- getting
more results for our dollar,
- appreciated
by our employees,
- sure
that we are spending our money in the right places, or
- taking
advantage of any tax efficient compensation systems;
- We
are interested in reducing our fixed payroll cost and
moving to a variable pay approach;
- We
want to use a total compensation approach for determining
what benefits we should provide our employees;
- We
are adapting a TQM philosophy and are considering deleting
pay for performance and moving to a skill based pay system
with gainsharing;
- We're
thinking about dumping our present job evaluation system
since:
- it
is too difficult to maintain,
- our
managers don't understand it,
- none
of our staff knows how to use it, or
- it
doesn't seem to correlate with the market data we
receive;
- Our
staff is too busy doing job descriptions which comply with
the American Disabilities Act to work on anything else;
- Everything
we do seems to be focused on short term goals and results,
we are concerned that perhaps we need to help management
pay attention to the long term growth/profitability of the
organization;
- Our
incentive (or performance appraisal) program hasn't
changed in ten years;
- We
use informal approaches for setting salaries and bonuses,
our employees trust our judgement;
- We
adopted the same incentive plan that our competitor uses,
it seemed to work well for them;
- We
think that we may have an EEO problem with our
compensation levels;
- We
have been considering:
- exempt
overtime pay
- stock
programs for all employees
- area
differentials
- new
perquisites for our executives
- starting
a new plant
- downsizing
- new
sales incentives / commissions
- going
public
- a
leveraged buyout
- executive
contracts / parachutes
- non-compete
agreements
- non-qualified
deferred pay
In
short, ECI adds value in helping firms effectively build
better, more stable, productive cultures. We can help you
identify whether or not the compensation tools you are using
are appropriate for your situation.
Refer
to Compensation
Consulting or our "Consulting Projects"
category, which you can find on the navigational menu to your
left for more information.
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