Compensation & Classification
Driving Performance Through Strategic Compensation
The Compensation and Classification service is essential for providing advisory and oversight support to develop effective and compliant compensation strategies across our operating companies. We collaborate closely with the businesses’ HR teams to ensure compensation packages are market-competitive, helping to attract and retain high-performing talent.
Our key offerings include:
1. Advisory on Compensation Package Development: We analyze market data to provide guidance on competitive pay rates, design salary structures, and develop bonus and incentive plans that align with our business goals.
2. Employee Classification Oversight: We offer expertise on proper classification of employees (exempt vs. non-exempt) and advise on contractor versus employee status, ensuring compliance with FLSA and state regulations.
3. Regulatory Compliance Support: We monitor federal and state wage and hour laws, advise on overtime rules, and ensure the proper handling of government-required deductions.
4. Equity and Fairness Analysis: We conduct pay equity analyses to ensure fair compensation practices and consistent policy application.
Our goal is to provide advisory support and oversight to ensure competitive, fair compensation while maintaining legal compliance. If you have questions about compensation strategies or classification issues, don’t hesitate to reach out.
