Compensation Plan
Help Bay Aging learn how to attract and retain talented employees with a compensation plan that is in keeping with marketplace trends and financially feasible.
Compensation Plan
Project details
What we need
- Review of job descriptions, pay structure, internal value, competitive market data, non-monetary rewards and benefits
- Recommendations for updating staff compensation and incentive plans
Additional details
This project is to conduct market analysis to assist with determining competitive rates for our positions in the non-profit sector.
What we have in place
- We have a guideline for salaries. We have job descriptions; however, we need to formalize our compensation program. Our benefits are fairly competitive. We have a benefit summary sheet and can provide information on them. The need for a market assessment of salaries for similar positions is needed to determine what if any adjustments need to be made.
How this will help
This project will save us $8,686 , allowing us to carry out services needed and make key decisions regarding a foundational component of our workforce-compensation. Competitive pay determines if we have the workforce we need to provide services.
Competitive pay is crucial to being able to retain and recruit staff to carry out our mission.
Project plan
Show more
Testimonials
Yvette was great. She provided the expertise we needed and assisted with communication of the data.
It was so easy working with MaDena! She answered my emails right away, and asked probing questions for a better final product