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Compensation Services...
Problem Solving
Most of our client relationships begin with
a request to address a specific issue in the compensation
area. In addressing the issue, our approach is like
that of a good physician. We attempt to understand the
overall health of the patient before prescribing a solution
for a specific problem.
We prefer to start the problem solving process with
an audit of the client's overall compensation philosophy,
policies, systems and practices. Each component is examined
in light of the client's financial and organizational
well-being, and unique strategy and objectives. When
the audit is accomplished and the big picture is known,
a solution can be prescribed to address the specific
problem.
The client is always involved in the problem solving
process. It is the client who decides among the valid
alternative solutions. It is the client who determines
the pace and resources to be applied to the solution.
We, the consultant, provide the time, objectivity and
expertise necessary to focus on the problem. We stay
involved, until the problem has been resolved. We work
on the problem within a determined budget, keeping the
client informed of progress and expenditures against
the budget. 
The Compensation Pyramid
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We are qualified to address all forms of compensation
and how they can be mixed to provide you and your employees
with the best overall solution to your unique needs.
The following are some of the compensation issues Matthews,
Young - Management Consulting has addressed in recent
client engagements:
- Compensation Strategy and Policy Development
- Stock-Based Incentives
- Deferred Compensation and other forms of Long Term
Executive
Incentive Compensation Design and Administration
- Individual and Team Alternative Compensation Plans
- Directors Current and Deferred, Cash and Stock
Compensation
- Fairness and Reasonableness of Executive Compensation
- Job Description and Evaluation System Development
- Salary Administration System Development
- Performance Evaluation and Salary Increase Processes
- Benefits and Perquisites Review and Programming
- Incentive and Bonus Compensation Design and/or Administration
- Performance Evaluation for Incentive and Bonus Distribution
Systems
- Compensation Survey Development and Administration
Compensation Budgeting and Control Modeling
Annual Compensation Services
Many of our clients engage us on an annual
basis for maintaining and/or administering their compensation
policies and practices. When dealing with executive
compensation, we act as an adjunct to the Board's
Compensation Committee. For staff compensation issues,
we work for senior and Human Resource management.
The service provides for the:
- Pricing, evaluating and slotting into a formal structure
new and revised jobs
- Maintenance of a database containing your employee
pay and job-related information
- Updating of your salary structure
- Recommendation of a salary increase budget which
is sensitive to the client's competitive position
and ability to pay
- Maintenance of a data base containing your employee
pay and job-related information
- Implementation of a computer model to allocate
salary adjustments based upon individual employee
factors, as well as corporate performance and ability
to pay
- Assistance in adjusting benefits, perquisites and
bonuses/incentives to support the clients strategic
objectives
The service is time and cost effective. It allows
the client's compensation philosophy to be implemented
within the constraints of a budget and consistently
applied over time.
Budgets for this annual service depend on the size
and complexity of the organization. Custom work plans
and budgets are always developed to reflect the client's
unique and changing needs.
Click here to open our Compensation Services Brochure
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