Compensation is more than market data. In our experience, many organizations don’t have the right information to diagnose their challenges and implement solutions that align to their talent strategy.
Why Consult an Expert in Compensation?
Most frequently cited reasons our clients value external support:
- Expertise – compensation is a specialty that requires dedicated experience and knowledge
- Market insight – there have been more changes in compensation in the last three years than in the prior twenty
- Strategies – from equity to influencing behaviors, our compensation experts can ground your compensation work with purposeful strategy
Exude Human Capital’s Compensation Services
Exude understands the challenges that for-profit and non-profit organizations face when evaluating, designing, and implementing compensation strategies. We believe that compensation combines art and science, and we will partner with you to find the appropriate balance. Whether you are looking for market data or the development of an entire compensation program, our highly experienced total rewards team will share best practices as we review and design compensation strategies that support your talent strategy.
Our Compensation team will work with you to define your competitive labor market, analyze your existing jobs and pull comparative data from multiple survey sources. Based on your needs, our approach may include:
- Benchmarking based on job title and basic requirements.
- Comprehensive job analysis and mapping to survey data
Salary Structure Development
Using market data, we will design or update salary structure(s) with an intentional focus on addressing any existing compensation-related challenges. Employees are placed in the proposed structure(s) for analysis and recommendations to address issues such as:
- Title and level inconsistencies
- Identification of compression
- Equity discrepancies
- Employees out of range
Exude Human Capital’s approach to pay equity goes beyond statistical analysis to examine the vulnerability for bias, identification of barriers to opportunity and inconsistencies in development and advancement criteria and practices.
- Impact of the standard variables (job grade, experience, education, etc.)
- Impact of race, gender, and age
- Predicted versus act
Job Leveling and Grade Criteria
Salary structures enable flexibility and internal equity by providing a framework in which similar jobs are treated equally for pay purposes. Establishing criteria for assigning jobs to title levels and salary grades provides guardrails for the equitable administration of a compensation program and supports the establishment of promotional ladders for employee growth.
Our Compensation Team will assess the competitiveness of executive total reward packages compared to the labor market, including base salary, cash incentives, deferred compensation, benefits, and perquisites.
With over 60 years of combined experience in compensation, Exude Human Capital’s consultants are experienced facilitators of strategic conversations and plans. Our compensation advisory focuses on thought partnership and strategic planning around the areas of:
- Salary Administration
- Incentive Programs
- Pay for performance strategy
- Pay Transparency
- Responding to Regulatory Changes
- Trends and Best Practices in Compensation
Frequently Asked Questions
What is a compensation study?
Compensation studies analyze your current pay practices and determine if they are competitive for your organization’s size, industry, and geographic location(s). They also help determine if your pay practices and salaries comply with current employment, state, and federal laws. For clients who are primarily looking for market data, Exude can benchmark your roles against your competitive market. For clients who are looking for comparative data based on a deep understanding of your organization’s unique and nuanced roles, our consultants can evaluate the knowledge, skills, experience, autonomy, leadership and other key factors to identify the internal and external value of each position.
Can the project be project-based or on-going support?
While our compensation engagements often start as defined projects, our consultants are available for additional support to refresh market data, provide data or design a structure for a new market or location, support acquisitions or large-scale organizational restructuring, or secondary advisory for training and communication in support of pay transparency.
What is the consultant’s background?
Our Exude Human Capital consultants have very diverse backgrounds, and bring expertise in analyzing and designing salary structures, incentive pay programs, pay equity evaluations, executive compensation and total rewards programs. Having worked in many different industries, levels, and sizes of companies, they bring with them expertise and experience that allows them to share best practices with our clients. Our model is very collaborative, so consultants have access to depth of knowledge from the entire team whenever needed.
What types of companies will Exude support?
We have experience in designing and implementing compensation programs with for profit, non-profit and government contractor clients in most industries including but not limited to professional services, social services, education, bio/pharma, technology, healthcare, hospitality, entertainment, communications, manufacturing, associations, finance and construction.
What are the fees?
Our compensation projects are scoped based on a variety of factors including the number of unique jobs requiring market data, the involvement of leaders or managers throughout the process, and the quantity of data sets or salary structures required for implementation. Our projects are scalable in size and can also expand to include the development of compensation philosophies, job architectures, administrative policies, training, and communications.
Which data sources does Exude use?
Exude subscribes to a number of industry-leading compensation data sources including Payfactors, Economic Research Institute, World at Work, Candid Nonprofit Compensation Reports, and others. We are always open to including industry-specific market data provided by our clients or obtaining additional data sources for an additional fee.
What Our Clients Are Saying:
“Their team did an amazing job of walking through the process with us, listening to our needs, helping us gain context and perspective, and working through the nuances of our situation as an organization.”
“We were so pleased with the work Exude did that we recommended them to work with our Headquarters.”
“We learned so much throughout this process. Our leaders feel more educated about compensation than ever before.”
Working Together For You
Your compensation strategy should fit your employer brand, align with your business goals and attract, retain and motivate your talent. Exude’s consultants will formulate an intentional strategy that encompasses all components of total rewards and is aligned with your needs and budget.
Interested in assessing your compensation?