Compensation Strategy
KSS provide specialized services to help organizations develop and manage effective pay structures and reward systems. Here are the key services typically offered:
- Compensation Strategy Development
Aligning pay structures with business goals and organizational culture.
Designing competitive compensation philosophies.
- Market Benchmarking & Salary Surveys
Conducting or leveraging salary surveys to compare pay against market standards.
Analyzing compensation trends in specific industries or geographic regions.
- Job Evaluation & Role Classification
Evaluating job roles to determine their relative worth.
Developing job levels, families, or bands for internal equity.
- Base Salary Structure Design
Creating pay grades and salary ranges.
Ensuring internal consistency and external competitiveness.
- Incentive & Variable Pay Plan Design
Developing short- and long-term incentive programs (bonuses, commissions, profit sharing).
Performance-based pay systems aligned with KPIs.
- Executive Compensation
Designing C-suite pay packages, including stock options and long-term incentives.
Ensuring compliance with corporate governance and shareholder expectations.
- Equity Compensation Planning
Structuring stock options, RSUs, and employee stock purchase plans.
Valuation and tax planning for equity-based rewards.
- Compliance & Risk Management
Ensuring adherence to labor laws (e.g., FLSA, equal pay regulations).
Auditing pay equity and minimizing litigation risks.
- Pay Equity Analysis
Identifying and addressing gender or racial pay gaps.
Creating strategies for fair and transparent compensation practices.
- Communication & Change Management
Helping organizations communicate compensation changes effectively.
Training managers and HR on new compensation systems.