Especially in times of economic problems it is important to create a balance concerning the compensation management between
- cost efficiency
- competitiveness and
- internal salary fairness
Concerning the costs it is most important to know whether and where the wages, salaries or other remuneration components are too high and to which extent. Looking at your competitors you have to think about the market fairness of your remuneration to be attractive for your employees. Concerning the aspect of internal „fairness" the question of comparable remuneration for comparable jobs crops up.
This is where we start with our compensation analyses to examine your salary structures according to the single components as well as the functions and the organization divisions. At the same time we have a look at the market.
With the PayCheck you establish transparancy and the basis for improvements.
The PayCheck exists as a standard version as descriptive analysis and as an executive version with special focus on your company and compensation recommendations.