Aligning total rewards with your business strategy and culture is critical to deliver programs that drive business results and strengthen employee engagement.
MRA’s compensation team assists organizations in the evaluation, development, and communication of total rewards programs including:
To ensure alignment of your business plans, organizational culture, and total rewards programs, MRA collaborates with your management team to define your total rewards strategy and works with you to develop a detailed plan for effective implementation.
Base Compensation, Pay Grades, Salary Administration Guidelines
Appropriate base compensation levels help attract and retain high-caliber employees while supporting the objectives of a fair, equitable, and defensible pay program. We help companies develop effective base compensation programs by:
Establishing market pricing for all of your jobs or segments of jobs to assess the competitiveness of your salaries.
- Applying MRA’s job evaluation system to internally classify jobs, develop a job hierarchy, and ensure internal equity.
- Developing a salary grade structure, merit matrices, and salary administration guidelines and communication tools.
An effective incentive plan aligns employees’ day-to-day responsibilities and actions with the achievement of key business results. MRA works with you to design new incentive plans or assess the effectiveness of existing plans for all employees, management, or specific work teams.
MRA partners with your sales management team to develop sales compensation plans, including identifying sales compensation strategies or assisting with the evaluation, financial modeling, and revision of existing incentive/commission plans.
Ensure your leaders’ results are appropriately linked to their compensation. MRA assesses your executive management team’s total compensation to confirm that your programs are competitive in order to attract and retain top leadership talent. This appropriately aligns executive compensation with long-term business strategy and key stakeholder interests.
Job Descriptions, FLSA Reviews, Management Training
Having clear job descriptions, classifications, and grades can improve performance and morale. MRA assists you in evaluating your job descriptions for clarity, content, and appropriate Fair Labor Standards Act (FLSA) classification. In addition, we provide management training in wage and salary administration.
Wage, Salary, and Benefit Surveys
Members who participate in MRA salary and benefit surveys receive the survey reports free – an $8,400 annual value! Use empirical data to ensure your company is not overpaying or underpaying employees. Custom salary and benefit surveys targeting key positions and markets also are available. Contact our survey team if you have a specific need for a custom survey.
MRA members receive value pricing on all services.