Retaining and motivating top talent is a struggle in today’s environment.
- How is the labor market for your key contributors changing?
- How do you and your employees know what ‘good performance’ is?
- What happens to your incentive plans if the economy implodes… or comes down with another case of irrational exuberance?
- What is your compensation risk?
- What motivates your employees to perform their best (you may be surprised?)
QTI Consulting experts are ready to assist you.
Changes are headed your way.
Labor markets and employment laws are in a continual state of flux. Each generation wants different things from the labor compact. Strikes in China, debt levels in Europe, and the preferences of skilled workers in India create turbulence in the labor markets in Wisconsin… quickly. The country’s primary employment laws (FMLA, ADA, Title VII, NLRA) are subject to more changes than ever.
What should you be asking or doing now?
Are you paying your employees the “market” rate?
Now is the time to be proactive about whether you are paying your employees the “market rate.” Pay too little and you may find your best performers at a competitor; pay too much and you lock in unsatisfied and unmotivated employees who will poison the atmosphere. But how exactly do you determine competitive pay levels for each job and what should you do with that valuable information once you have it?
QTI Consulting can guide your thinking and planning.
We know compensation inside and out and we are committed to understanding your business, your industry and your needs. Our compensation experts can make sense of conflicting compensation data - we know the reliable from the unreliable and we know when the data isn’t telling the whole story. A fair compensation system will get out of the way of your top performers and let you focus on more important matters: your customers and your business.
Compensation plays a fundamental role in reinforcing business values and goals. The right total compensation package, with the right mix of rewards, can help your people and your business succeed. QTI Consulting will work with you to develop a pay approach that fits your goals, enhances performance, aligns with the market, and attracts and retains quality employees.
Incentive & Variable Pay Plans
Well-designed incentive plans can communicate key company objectives, align compensation with strategy, and drive performance. We can assist you with designing, budgeting, and documenting effective incentive and sales compensation plans.
QTI Consulting designs executive compensation programs that are built upon organizational strategy and aligned with shareholder interests. Our programs are competitive, defensible, and retain and motivate your key talent. The broad spectrum of executive total rewards has seen significant changes with recent regulatory developments, governance pressures and corporate scandals. We can guide your Board through the compensation planning process and establish a competitive mix of executive rewards that equitably and defensibly rewards your leadership team.