Employee Pay

Let’s Face It — End-of-year Pay Talks are Painful thumbnail

Let’s face it, end-of-year compensation decisions and pay talks are stressful. Even the most successful owners may lack the confidence needed to have meaningful discussions. Here’s a list of planning tips to improve employee pay meetings and ease the annual ritual. 1. CONFIRM ROLES AND RESULTS Dust off your firm’s job descriptions and ensure you… Read More

Money Talks

Money Talks

Talking Points to Ease End-of-Year Compensation Discussions That time of year is almost here – performance reviews and compensation discussions.  I know that most managers (and employees) dread these hour long rites of passage.  You may be asking; do I have up-to-date data to benchmark my compensation levels?  Does my budget accommodate increased salary ranges… Read More

Why Use Compensation Benchmarking Data thumbnail

How do you know if you are currently paying your employees at competitive levels? And what merit increases are warranted for each position? Are you utilizing the appropriate mix of base and variable compensation based on the type of position? These are common questions we are asked when clients engage us on a compensation project… Read More

6 Compensation Myths thumbnail

Advisory firms spend more money on compensation than on any other expense, so getting it right just makes good business sense. Your compensation plan should define the behaviors you value the most and reflect what you are willing to pay to attract and retain key talent. I have found some consistent compensation misconceptions across advisory… Read More

Hiring & Retaining Top Talent for Growth Whitepaper thumbnail

We are excited to announce that our new whitepaper, Hiring & Retaining Top Talent for Growth, is now available! This whitepaper covers key human capital areas including: designing your org structure; recruiting and hiring; managing and developing your team; and how to compensate your team. Read the Introduction excerpt below and please contact us to… Read More

How to Fix Your Incentive Pay thumbnail

A majority of employees at advisory firms — both professional and nonprofessional — now receive a combination of base salary and incentive pay, industry studies find. But firms don’t seem to be satisfied with their pay packages and, at my consulting firm, the most highly requested engagement is for designing (or, more commonly, redesigning) incentive… Read More

The Importance of Job Descriptions thumbnail

While many firms use job descriptions only when they have an open position they need to fill, we believe the job description is the most important tool in not only attracting new talent but also retaining and managing your current talent. Investing the time into creating accurate and complete job descriptions for your organization will… Read More