Employee Compensation Planning
The Hopkins Group’s Compensation Specialists are well qualified to partner with you in conducting compensation market research and analysis, designing compensation plans, including for executives, and designing performance management systems. Our experience includes both domestic and international analysis and plan design. We have access to a large number of diversified survey data to provide a position, industry, and geographic specific compensation analysis.
Performance Management Systems, Pay-For-Performance and Alternative Reward Systems are areas of compensation that all businesses need to review, particularly with the labor market changing and tightening daily. The newest generation of employees coming into the workforce has a completely different set of motivators and incentives which creates challenges for companies in the recruitment, selection, and retention in such a competitive marketplace and still watch the bottom line.
THG is also available to assist you with FLSA related complaints and investigations, including legally compliant job descriptions. With the increased enforcement of the Fair Labor Standards Act, the risk to employers of non-compliance has increased proportionally.