Workshop
Compensation and Benefits Equity Services
Compensation and Benefits are sensitive and consequential topics to employees – a topic whose complexity is often compounded by past experiences of pay disparity, limited benefits, and lost opportunities for advancement. A comprehensive total compensation program is one of the most crucial components of employee engagement and satisfaction as achieving a competitive benefits package with true pay equity is essential, not only for fostering an inclusive workplace, but also for reducing significant risks such as high turnover, employee disengagement, potential complaints, and costly litigation.
Our Compensation and Benefits Equity Services are designed to help organizations eliminate pay disparities, create transparent and fair pay practices, enhance benefits offerings, and improve overall employee satisfaction through the development of a competitive compensation philosophy that employees can understand and get behind. Through a deeply collaborative, data-driven approach, we work with your team to address compensation and benefits gaps and create policies that balance organization realities with organizational values.
Our offerings include
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We conduct detailed benchmarking analyses to show how your pay practices and benefits programs align with industry standards and geographic norms. This ensures your organization remains competitive in talent acquisition and retention in the markets that matter, while maintaining internal equity.
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Our rigorous pay equity analysis identifies disparities across demographic groups, such as gender, race, and age, enabling you to understand and address any existing gaps. This promotes transparency around pay and benefits, and builds employee trust in your organization’s commitment to equitable promotion and advancement practices.
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We work with your leadership to craft a compensation philosophy and policy framework that works in alignment with your organization’s talent acquisition and retention strategy. Using an equity lens, we help to ensure compensation practices are competitive, fair, and in compliance with applicable laws.
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Our customized training programs equip your HR leadership and People Managers with the skills to make equitable pay decisions. Whether it’s a new hire offer or a merit increase from within, our training provides opportunities to learn best practices on feedback and performance management, on how to make fair compensation decisions, and on how to recognize inequity or bias in compensation or advancement practices. (And more!)
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Our Comprehensive Context Assessments review all aspects of your total compensation program, including base pay, bonuses, promotions, and benefits – with your particular organizational context in mind. Using statistical methods, we analyze the data for patterns and trends that may indicate pay inequities. Through interviews, surveys, and focus groups, we gather insights into employee experiences and perceptions of pay and compensation. We compile our findings into a clear and actionable report that outlines areas of disparity, key insights, and actionable recommendations as a way forward. This report includes suggested adjustments to pay bands, role classifications, and policies to close identified gaps. We also provide a roadmap for implementing these changes, from immediate adjustments to longer-term structural changes and change management and communication support. This end-to-end assessment provides critical findings to leadership and surfaces actionable recommendations for establishing a sustainable and equitable total compensation program from now into the future.
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Pay and benefits equity is not a one-time fix but an ongoing commitment. To maintain equity, we offer advisory services on setting up tools for continuous monitoring, including regular audits and metrics for tracking progress. Our team is available to support your organization in making data-driven decisions and embedding equitable practices into your overall compensation philosophy.
With our Compensation and Benefits Equity Services, your organization gains the tools, expertise, and data to implement fair pay practices that drive recruitment and retention of your most valuable capital: your employees.