Arcus research indicates that the variable component of compensation is driving significant shifts in how talent is hired, engaged and retained. This means that compensation budgets are subject to major fluctuations depending on the overall performance of teams and the organization. As a result, it has become important for HR leaders to be much more involved in the broader business operation and to understand how business results- sales and revenue growth impact compensation budgets. Find out more about total compensation / total rewards strategies.
In the past, variable compensation was more likely to be present at C-level or within the sales organization. Today, it has permeated into many different functional areas and has become integral to effective performance management systems. The end goal is to attract, motivate and retain skilled employees and strengthen the performance of the organization. Arcus will develop a highly customized compensation solution that will be aligned with your expectations, the strategic plan and business goals of the organization. The approach will take into consideration:A “current state” analysis and report to define benchmarks and desired outcomes
The organizations reputation and HR strategy for recruitment:- The compensation framework that would best meet the organization’s budget and goals
- A performance management system that is aligned with specific strategic outcomes
Other actions will include:
An evaluation of competitive compensation plans and market salary benchmarks
Incentive plans that will deliver the best results
Pass all plans through a legislative compliance filter to mitigate risk
Pay equity benchmarks that are consistent with the performance management planArcus has over 200 subject matter experts who will augment team and provide cutting edge knowledge and ideas to your project in a diverse range of areas such as pensions, benefits and reward mechanisms.
Contact Arcus to schedule a call/meeting to discuss how we help you with a plan for your Compensation and Incentive Strategy that is aligned with your organization’s compensation budget, strategic plan and business priorities.Related information:
Executive and Organization Compensation Planning- Job Evaluation and Impact Measurement
- Organization Wide Compensation and Rewards
- Executive Compensation
- Base compensation
- Total compensation / total rewards strategies Incentive planning
- Compensation and Job Evaluation outsourcing
- Annual incentives / variable compensation
Human Resources
What drives a great HR strategy? As a leading HR Consulting Firm, Arcus has found that the most reliable and persuasive HR strategies are built on the intersections of the company’s capabilities, uniqueness and seamless execution. Businesses have to address a unique set of barriers that often require deeper insight. Arcus offers a fact based approach to align an organization’s strengths with customer needs.
Learn more about our Human Resources services:
FOR BOARDS
FOR CEOs AND C-LEVEL EXECUTIVES
FOR SENIOR EXECUTIVES AND HR LEADERS
- Employee Effectiveness
- Executive and Board Compensation
- Executive/Staff Performance
- Executive Rewards
- Executive Search
- Job Evaluations
- Leadership Training
- Performance Management
- Diversity and Inclusion
Dealing with complexity, constant change and resource optimization are priorities for growing for-profit and non-profit organizations. Change requires best practices in organizational effectiveness and flexible leadership. CEO’s need to learn about how to leverage best practices for effective change within their organizations. Benefits include substantial shareholder value, lower costs and streamlined businesses.
Our change model is based on practices of HROS (highly reliable organizations) in sectors with complex operations such as healthcare and nuclear energy. These organizations follow proven methodologies because human errors can have potentially catastrophic consequences. The comprehensive approach integrates process and human dimensions of change. Please review a few sample projects to learn more about our approach on an engagement.