Manufacturing Compensation Consulting
Overview:
CRI has extensive experience working with Manufacturing companies to develop effective compensation programs that are aligned with organizational goals and objectives.
Areas of expertise:
- Aircraft/Aerospace
- Building Supplies
- Electronics
- Food Products
- Paper / Allied Products
- Publishing
- Textile
Case Studies:
Case Study #1: Competitive Market Study
Issues:
- Job descriptions were out-of-date and not accurate
- Salaries were not in line with competitive market
- Employee morale was low
Solutions:
- Utilized Position Description Questionnaire to determine appropriate duties and responsibilities of positions
- Market priced all positions utilizing comparable published surveys
- Conducted analysis of individual salaries compared to competitive market
- Increased salaries where necessary to reflect competitive market levels
Case Study #2: Salary Administration Program
Issues:
- Company experienced a great deal of growth in past year
- Management salaries to be at the 75th percentile of the market
- Not all positions had written job descriptions
- No salary structures were in place
- No formal policies and procedures existed to handle compensation issues
Solutions:
- Adopted a Compensation Philosophy for determining compensation levels
- Developed job descriptions for all positions
- Conducted a competitive market analysis to determine appropriate compensation levels
- Developed a salary structure for all employees based on the 75th percentile of the market
- Increased employee salaries to be consistent with the Compensation Philosophy
- Developed formal salary administration guidelines and procedures to ensure consistent application
- Communicated with employees regarding the new program
Case Study #3: HR Audit
Issues:
- To conduct an HR Audit of the Company's overall structure.
Solutions:
- Gather and review general company information
- Perform examination of various human resources policies practices
- Consult with management to understand problems, concerns and inconsistencies
- Research various state and local regulation to ensure compliance
- Examine current handbook and policies, reviewing for consistency and legality. Make appropriate revisions to handbook
