Develop Competitive, Performance-Oriented Compensation

Challenge:

Develop Competitive, Performance-Oriented Compensation

Growth-oriented “Tier Two” accounting firm needed to realign its compensation programs in order to compete more effectively with its larger competitors.

Firm management was seeking a more competitive and equitable compensation system that would tie associate and staff pay ranges to performance goals.

Solution:

Market-Based Compensation Structure

The Chatfield Group developed a market-based compensation structure for the accounting firm that was equitable as well as both flexible and competitive in the administration of pay.

Project deliverables included the market analysis of all positions, development of new pay structures, a cost-analysis program implementation, development of pay administration guidelines for managers, and communication of program changes to managers and employees.

Tags: #HumanResources