COMPENSATION AND BENEFITS

While a competitive salary is certainly a priority for many employees, it’s not the only thing they care about. People look for a great company culture, a positive work-life balance and a comprehensive benefits plan when searching for an employer. Businesses lacking in these areas risk losing out on great candidates and not retaining critical employees. But by offering competitive employee benefits, your company can attract top talent, keep current employees happy and build a positive reputation. When creating an employee benefits plan, business owners need to know which benefits they are legally required to offer and which give your business the competitive edge it needs.

COMPENSATION

Your business requires a competitive compensation and incentive program in order to attract, motivate and retain the level of talent that you desire.  We help you design a strategy that is competitive with the marketplace and in consideration of the fiscal constraints of your business.  We provide the following:

• Ensure competitive compensation plans and strategy
• Create effective incentive plans
• Pay structure design
• Job Analysis
• Job Descriptions
• Full cycle Performance Management processes
• Salary, wage, incentive and benefit surveys

BENEFITS MANAGEMENT

Your ability to offer a competitive benefits plan to your staff is one of the most important and costly decisions your company will make.  We can provide you the assistance you need to analyze your costs, coverages and options. We can work directly with your brokers or we can provide you options through our network of partners and providers. Our services include: 

• Benefit Plan and Cost Analysis
• Identify appropriate and competitive coverages and contribution levels
• Create employee surveys and determine your employees needs
• Develop Health and Wellness Programs
• Ensure HCA compliance
• Facilitate Broker relationships

The Core Value of Benefits

Compensation and benefits is a sub-discipline of human resources, focused on employee compensation and benefits policy-making. While compensation and benefits are tangible, there are intangible rewards such as recognition, work-life and development. Combined, these are referred to as total rewards, HR Innovex are experts on the subject! Contact us today for a free assessment of your current benefit plan summary.