Compensation & Benefits

Align employee rewards to maximize business results

Total rewards including market competitive pay systems are critically important in today's global economy. Well designed pay systems should reinforce and align with your business strategy. The intensity and degree of competition for labor as well as the competitive positioning of your organization's products and/or services necessitates an increased emphasis on effective design of your compensation system which impacts strategic recruitment, retention and the job performance of your employees.

An existing analysis of your current compensation system should be a starting point and balancing internal equity to the external market considered, if appropriate. Determining what your compensation philosophy and how to align with your business strategy and goals will guide the type of compensation design such as a pure market approach, a blended approach or perhaps a broadbanding approach to enhance or totally update your current compensation system.

HAFNER CONSULTANTS will assist you in determining the appropriate number of pay structures and develop targeted pay ranges through the use of valid survey sources. This will assist your administration of a consistent, equitable and market or competency based compensation structure. With a solid compensation system in place, following job analysis and job evaluation, your organization will be positioned to strengthen an existing performance management system or pay for performance program intended to improve the overall existing reward structure and influence increased performance of your organization.