Total Rewards

Total Rewards Model

Total Rewards Model

DAS HR Consulting, LLC will ensure Your Total Rewards Packages (Compensation and Benefits) are competitive and linked to your Organizational Strategies.

Strategic compensation and benefits decisions include:

  • Compensation and benefits philosophies
  • Communicating pay and benefits philosophy
  • Compensation and benefits responsibilities
  • HR metrics

Compensation and benefits system design issues are also explored, including:

  • Motivation theories and compensation and benefits philosophies
  • Compensation and benefits fairness and equity (external and internal equity)
  • Market-competitive compensation and benefits (lag-the-market, lead-the-market, and match-the-market strategies)

Specific questions we ask include:

  • Does the plan fit the organization?
  • Does the planned reward appropriate actions?
  • Is the plan administered properly?
  • Do the plans fail to link pay with performance?
  • Does the individual incentive reward the effort and performance of individuals?
  • Do the organizational incentives reward people according to the performance results of the entire organization?
  • Does the organization need executive compensation and benefits?

 The following strategic decisions guide the design of compensation and benefits practices for a successful pay-for-performance plan for the organization:

  • Link strategic business goals and employee performance
  • Enhance organizational results and reward employees financially for their contributions
  • Recognize different levels of employee performance through different rewards
  • Achieve HR objectives, such as increasing retention, reducing turnover, recognizing succession training, and rewarding safety.
  • Legal compliance with all applicable laws and regulations
  • Cost-effectiveness for the organization
  • Internal and external equity for employees

 

If you have any questions about Total Rewards, Pay Transparency, and Pay Equity, please get in touch with our office.