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Staff Compensation

Our compensation consultants help financial services firms improve performance and efficiency through strategic reward design and risk reviews. We emphasize a balanced analytical approach in developing and implementing total rewards solutions that focus on business strategy, financing, and tax considerations.

We Partner With Clients

Employee Rewards | Refining Your Approach to Market Data
Firms have been working with us for over 50 years to define their human capital strategies.

We have successfully completed thousands of compensation planning, design, and benchmarking assignments for our clients. We have the ability to provide a total rewards optimization review for financial services firms. We have over 50 years of experience in defining human resource strategies. We help clients create the optimal mix of compensation, benefits, and professional development opportunities for their unique organizational needs. Optimizing a firm’s total rewards offering can generate significant cost savings and ROI while increasing employee satisfaction and engagement. By partnering with our clients, we are able to use our standardized approach to apply a customized strategy that is specific to our clients' business needs.

Our firm conducts compensation surveys specific to the financial services sector. To learn more about our compensation surveys, please click here.

 

Compensation Plans Advisory and Analysis

Employee Rewards | Refining Your Approach to Market Data

We work with our clients to design total rewards programs that apply industry best practices, but are customized specifically to clients. Our specific areas of expertise include:

  • Annual and Long-Term Incentive Planning
    • Commercial, Retail, Mortgage, and General Employee Population
    • Plan Review and Design
    • Documentation
    • Communication
  • Competitive Pay Analysis
  • Compensation Philosophy
  • Regulatory Guidance
  • Pay for Performance Measurement and Strategy
  • Salary Grade Structure Development and Administration

 

Employee Rewards | Refining Your Approach to Market Data

Leveling / Titling

Our consultants partner with clients to understand the best mapping of employee salary bands and titles. This helps our clients simplify their benchmarking process.
 
Firm Value
  • Simplifies benchmarking process
  • Explicit criteria clarifies promotion process
  • Allows management to measure and avoid top-heaviness
  • Simplifies year-end process, such as equity modeling
  • Mitigates legal risk
Employee Value
  • Clear title guidelines heighten employee engagement
  • Managers / staff have more impactful goal-setting
  • Standardized bands enhance internal mobility
  • Helps define career path
  • Defines opportunities for managers and individual
    contributors

 

Employee Rewards | Refining Your Approach to Market Data

Pay Structure

We help clients understand how to structure their firm salaries in conjunction with business strategies.

Firm Value
  • Structured salary approach eases administration burden
  • Promote alignment with the market
  • Facilitates long-term salary budget planning
  • Mitigates legal risk
Employee Value
  • Clear title guidelines heighten employee engagement
  • Managers / staff have more impactful goal-setting
  • Standardized bands enhance internal mobility
  • Helps define career path
  • Defines opportunities for managers and individual
    contributors

 

Pay Equity Analysis

Eliminating pay inequities based on gender, race, ethnicity, and other protected statuses is quickly becoming a major topic of conversation across the industry. Even more, based on new regulations across the globe, we are finding that many of our clients need insight into their pay equity risk and what they can do to respond quickly. 

Our approach is grounded in this basic understanding: measuring pay gaps and delivering pay in an equitable fashion are two fundamentally different things. It's one thing to look for differences in pay between groups of people, it's quite another to understand, mitigate, and fix the policies and biases that create those differences in the first place. Our process challenges clients to go beyond simple pay assessments to find and fix root causes. That's the only way to drive systemic and sustainable change.

Click here for more information on how we can help you address these challenges at your firm.