Compensation and Benefit Anaylsis
developing fair, competitive programs that attract and retain skilled employees
The McGrath Consulting Group conducts compensation studies. These studies include an external market analysis of current positions and an internal analysis that ensures internal equity. Our studies generate methods to attract and retain highly qualified employees using a competitive compensation system. The study also includes a review of your incentive/merit system, review of job descriptions, and a summary of the financial impact of the recommended new system.
McGrath designs performance management systems (salary schedule, job descriptions, and supervisor/employee training) using traditional approaches and innovative structures. These compensation systems foster a performance-oriented work culture while using a fiscally responsible, market-based pay delivery system.
By having a knowledgeable professional analyze and assess your pay and benefits program, it is possible to improve an employee's perception of the organization's pay practices.