Strategic, Personalized Compensation Redesign Services
Fair, competitive compensation is essential for retaining employees, attracting top talent, and motivating your team. When it’s time to redesign your compensation strategy, turn to the total rewards experts at Astron Solutions.
Stay competitive, stay on budget
For nonprofits and other organizations with tight budgets, redesigning compensation can be a stressful process. Fortunately, with the right strategy, it doesn’t have to be.
Keep employees engaged and attract top-quality candidates by taking an active approach to compensation. Work with a consultant who can help you routinely reassess your compensation practices and provide pay packages that align with employee expectations without breaking the bank.
How Astron Solutions can help
Total Rewards Compensation Strategy
Maximize benefits and meet your employees’ needs with Astron Solutions’ total rewards approach to compensation.
Compensation Strategy Evaluation
Understand what aspects of your current compensation strategy are working and what your redesign can improve.
Custom Compensation Surveys
Get real data to back up your compensation redesign and make decisions while maintaining DOJ and FTC compliance.
Internal Pay Equity Analysis
Identify and resolve pay equity problems to ensure everyone at your organization is compensated fairly.
Market Analysis and Benchmarking
See how your organization stacks up against the rest of your sector to set competitive compensation packages.
Executive Compensation Consulting
Executive compensation redesign often requires extra scrutiny. Ensure all of your compensation packages are backed up by data you can trust.
Hear from organizations that trust Astron Solutions
Your compensation redesign questions answered
What is compensation redesign?
Compensation redesign is the process of assessing your organization’s current compensation strategy and creating a new system that compensates employees fairly and sustainably.
Often, this process involves conducting internal surveys to understand your current practices, as well as external benchmarking to analyze how similar organizations in your field are approaching compensation.
How can my organization communicate compensation changes effectively?
When employees hear that your organization is undergoing a compensation redesign, they may start to worry that their salaries or benefits will be reduced. Keep your team calm and motivated by communicating any compensation changes as transparently as possible.
A few strategies for effective compensation communication include:
- Providing clear explanations for why changes have been made
- Breaking down all aspects of your compensation packages so employees know all of their benefits
- Be open to employee feedback and questions, ensuring you create a dialogue with your team
How often should my organization redesign its compensation strategy?
Once you create a sustainable and equitable compensation system, you likely will not need to make major changes regularly.
However, for individual employees, be open to reassessing compensation during performance reviews. Whenever you post a new job opening, ensure that its starting compensation plan is fair and competitive with the rest of your industry.
The total rewards compensation consultant you need
For over 25 years, Astron Solutions has offered expert compensation consulting services, including compensation redesign that leverages our total rewards approach.
Create a compensation system that motivates employees, attracts talent, and maintains your organization’s budget.