Total Rewards: Compensation Systems/Plan Design
Many organizations struggle with issues of whether positions must be paid hourly or may be exempt from overtime and the associated payroll practices. Recent court cases have a dramatic impact on the definition of what is an exempt employee and how payroll practices can result in an employer forfeiting that exemption.
In addition to clarifying the concepts and issues surrounding the Fair Labor Standards Act mentioned above, HRG can review current pay levels and practices to be certain they are accomplishing what is desired to support the organization's goals. This may focus on an internal comparison of jobs using job evaluation techniques to establish a pay structure.
Ensuring external competitiveness with the organization's labor markets - whether they are local, regional or national - is an issue requiring careful comparison with appropriate survey data or, in some instances, conducting a custom survey.
Other compensation - related services include:
- Reviewing and / or developing job descriptions
- Facilitating the development of an organizational compensation philosophy
- Helping determine whether alternative compensation structures may be appropriate for the organization
- Developing group or individual incentive or bonus plans
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