Salary Administration

A market-competitive and effective salary administration program (SAP) allows a company to meet the basic objectives of compensation: focus, attract, retain, and motivate top talent.

What’s more, an SAP provides HR professionals with a much-needed jumping off point to efficiently manage compensation in a broader manner, linking the program to the strategic goals of the company.

Setting Your SAP

Here’s what our proven process looks like:

Develop a compensation strategy – We gather information through direct interviews with leadership to understand your company’s pay philosophy and then develop the appropriate compensation strategy. The compensation strategy serves as the foundation for developing the SAP as well as other compensation initiatives.

Develop a salary administration program – To develop the appropriate salary administration program for you, we will:

• Assess current pay methods and determine strengths and weaknesses.
• Collect job position information that identifies duties and responsibilities.
• Select a list of benchmark jobs.
• Conduct a competitive market study.
• Develop a base pay structure reflective of the company’s intended position within its market.
• Slot benchmark and non-benchmark jobs into the salary structure.
• Evaluate hierarchy for external and internal equity.
• Determine the cost impact of the newly designed salary structure.
• Draft the salary administration program manual.

Finally, we will assist with implementation and communication to:

• Train HR for consistent base pay management application.
• Communicate with stakeholders on their involvement in administration.
• Address transitional issues.
• Communicate with staff to establish a complete understanding of your new plan and its benefits for them.