HR Outsourcing Services - Compensation Strategy
HR Outsourcing Services - Compensation Strategy

In a compensation study, we assist organizations in the identification and evaluation of appropriate market pay data, internal worth of jobs/positions, organizational considerations, and current fiscal resources to determine recommended job/position classifications and structured pay ranges.

TAG can help define positions, wage guidelines and incentive packages to give your business an advantage while maintaining internal and external equity. Typically, the major elements of a compensation study include the following:

  • Evaluating the company/organization's situation and need
  • Conducting interviews
  • Reviewing/writing job/position descriptions
  • Conducting internal evaluations
  • Ranking the jobs/positions
  • Obtaining and analyzing competitive data
  • Revising/recommending a base compensation plan
  • Quantifying the impact of recommended pay adjustments
  • Recommending pay administration guidelines
  • Documenting findings and recommendations in a report

TAG Can Assist With:

  • Bonus/Incentive Programs
  • Salary Surveys
  • Compensation Policy
  • Pay Scale Design
  • Wage Increase Guidelines
  • Compensation Strategy