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Compensation
Compensation Services
SDHR Consulting offers a wide array of compensation services to ensure organizations attract and retain key talent. Regardless of your organization’s size, we have experts that will strategize and brainstorm to achieve what is at the heart of your compensation philosophy.
Job creation & maintenance plays a vital role in retaining your employees. Having clearly defined positions using competitive pay practices contributes to keeping your talent engaged.
Career framework establishes job levels and a career path, so employees know what’s ahead and can continue to grow.
Job Creation & Maintenance
Job Descriptions
Accurate and up-to-date job descriptions for all roles help ensure employees understand expectations for the job and minimum qualifications are documented.
Job Benchmarking
Updated salary pricing data ensures employees are being paid competitively for purposes of attraction and retention.
Exemption Status Review
It is important employees are accurately classified as exempt or non-exempt to be FLSA compliant.
Total Rewards Plan Design
Short and Long-Term Incentive Plan Design
Determining the right bonus or equity plan incentivizes employees to help them meet the goals of the business.
Performance Management & Ratings
Providing employees with continuous feedback and metrics that evaluate their performance allows them to grow their skill-set and stay engaged.
Merit Increases
Establishing fair and competitive merit increases are crucial, especially in competitive industries.
Retention Tools
Retaining talent proactively is important so employees do not become a flight risk.
Sales Compensation
It is crucial sales employees have well-communicated and realistic commission plans that drive them towards their personal and company goals.
Executive Compensation
It is important that executives are compensated competitively in order to ensure the retention of critical company knowledge and talent.
Peer Group Creation
Public companies or companies looking to go public must have an established peer group to compare their compensation practices to their peers.
Career Framework
Career Mapping & Job Matrices
It is important to have a defined career map for employees, so they can reach their full potential while at the same time contributing to business objectives.
Job Leveling
Having established job levels ensures career progression can take place and job expectations are outlined.
Succession Planning
Ensure knowledge transfer and workforce planning is in place before critical talent leaves.
Contact Us
Contact us to learn more about our HR Services and how we can partner with you for all your business needs.