Market Studies

Considering the market is particularly important when establishing labor rates.

Studies can be instrumental in determining market lines, entry-level rates, compensation ratios and competitive wages for your positions. Bee Tree Consulting, (BTC) can research, secure and analyze market data within your industry, inside and outside of your recruiting area. This information can be used to provide you with a comparative analysis of your organization versus your competition and help you establish wages and salaries that will secure business growth.

Base Compensation Structure

Compensation structures must consider internal/external equity, equal pay, career-paths, classification levels, entry-levels, minimum, mid-point and maximum rates of pay for each classification. Does your organization have a written wage and salary procedure? Do you have the capability of costing/ budgeting your pay program annually? Do you have a good defensible measuring tool in place?

Bee Tree Consulting, (BTC) has been providing organizations like yours with compensation designs for years. We know what it takes and can help you get it!

Variable Pay System

Variable pay systems are intended to reward workers for performance beyond normal expectations.

Is your organization interested in linking growth in compensation to results? Perhaps a form of variable pay such as team bonuses, incentive plans, or organizational gain-sharing programs is your answer.

Administration

Bee Tree Consulting, (BTC) Plans are simple to understand and administer. Final structures come complete with easy to follow instructions.

Behavioral Aspects of Compensation

Do workers perceive they are receiving fair value for their overall performance? Independent employee opinion surveys can often identify performance problems or deficiencies with root causes that are tied to equity, procedural or distributive justice issues.

Legal Constraints

How does your compensation program measure up to legal constraints?

• Fair Labor Standards Act
• Minimum Wage
• Exempt/Non-Exempt Testing
• Overtime Provisions
• Compensatory Time Off
• Home Work
• Independent Contractor Testing
• Equal Pay Act
• State Laws
• Garnishment Laws
• Prevailing Wages

Don’t wait for the DOL to come knocking.  Call BTC today!