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Competitive Compensation Structure: Getting Compensation Right & Key Practices

Getting a Competitive Compensation Structure requires looking at salaries that are competitive, demonstrate employees’ value but do not strain scarce resources by overpaying.

But, how do we get it right? 

There are many organizations that find it difficult to pinpoint the right salaries for their employees.

Pinpointing this perfect balance of a competitive compensation structure may seem an impossible task. However, in the below webinar, Allison Wyatt demonstrates that there is, in fact, a way to keep salaries competitive, employees valued, and the budget intact.

 

Some topics covered include:

  • Designing an effective compensation strategy
  • Building a market-based structure
  • The mechanics of building salary ranges
  • Maintaining a competitive position over time

Article Suggestion: A guide to Employee Equity Compensation 

Edgility offers a comprehensive compensation service that helps organizations pinpoint the right salaries for their employees. We aim for salaries that are competitive and demonstrate employees’ value without straining scarce resources.

If you’re interested in learning more about how Edgility Consulting can help you set up a competitive compensation structure, be sure to check out our services page or contact us here for more information.

Edgility Consulting compensation structures and competitive advantage, equitable search practice, equitable hiring

Related: Leading in a Time of Crisis 

We encourage clients to move their culture forward by proactively emphasizing equity and inclusion at each stage of our engagements. In addition, this includes project scoping, needs assessment, outreach, selection strategy, compensation, career pathways, and board advisement.