Sera uncovers unspoken needs then delivers tailor-made compensation solutions.
Multi-state industrial service company had an organically-grown compensation process that lacked structure, market relevance and consistency across positions and geographies. The paternalistic nature of the seventy-year old company emphasized “taking care” of its employees. Opposite than intended, employees developed a sense of entitlement through automatic annual pay increases. Under new leadership, the Company desires a correlation between individual and Company performance and annual merit increases.
Sera collaborated to create a cohesive compensation philosophy which provides clear operational direction and aligns with Company culture.
Market-relevant, competitive salary structure tools were created to fit Company wants and needs, as well as support business objectives.
Sera’s analysis identified internal pay inequities and excess geographical pay differences, but also provided go-forward cost containment strategies and solutions.
Leaders participated in customized training sessions which increased their functional understanding of compensation and the pay-for-performance relationship.
Leaders are now positioned to make confident and fiscally responsible compensation decisions which promote an equitable, fair and performance-driven environment.
Company culture is shifting forward as employees embrace the message that positive performance equals positive compensation.
*Sera Business Advisors LLC does not provide legal or tax advice. Clients are encouraged to seek a qualified legal and/or tax opinion on handbooks, et al, as deemed appropriate.