In today's competitive business landscape, the key to success lies in attracting, retaining, and motivating top talent. At Reward Strategies, we specialize in developing compensation packages that not only reward your employees fairly but also increase engagement of your employees to align their efforts with your business objectives.
- Enhance Employee Satisfaction: We understand that a satisfied employee is a productive employee. By designing compensation packages that resonate with your workforce's needs and desires, we help you foster a culture of appreciation and recognition. This leads to higher morale, greater job satisfaction, and a more engaged workforce.
- Stay Competitive in the Market: In an ever-evolving marketplace, staying ahead of the competition requires more than just a great product or service. It requires a compensation strategy that attracts top-tier talent and retains them. We analyze industry trends and market data to ensure your compensation packages are not only competitive but also aligned with your company’s goals and financial capabilities.
- Ensure Internal Equity: As part of our compensation analysis, Reward Strategies will review and compare those individuals doing the same jobs to ensure there is fairness in how you are paying. If inequities exist between individuals in your organization, we will determine why and document with an explanation. We can provide an objective point of view to determine if there is not a reasonable explanation for differences in pay for individuals doing comparable work, adjustments need to be made.
- FLSA (Fair Labor Standards Act) Compliance: The job evaluation process also provides a determination of those jobs that are Exempt or Nonexempt. Individuals performing nonexempt work are required by this ruling to complete a timecard and be paid overtime for any hours worked over 40 each week. If your organization is not paying overtime for those non-exempt jobs, you could be subject to backpay, fines and public embarrassment. It is important that your organization pays attention to the FLSA status of each role within your organization – we can help!
HR Compensation Consultant Value
Nicole brings over 20 years of experience in Human Resources with most of that time in HR Compensation. She provides sound advice to senior management regarding employee total rewards. Her focus is to collaborate with you to develop strategies regarding organizational design, recruitment, performance management, succession planning, retention, and pay equity review. Due to her cross-industry experience in various size companies and working with all employee levels, she has developed compensation programs that are tailored to your individual
