Your people are your most important asset. Your compensation plan is your most valuable tool to attract and retain top talent. Partnering with a quality consultant can help ensure that your compensation plan helps you achieve your strategic goals. Here are some of the advantages to hiring a compensation consultant:
Save time. A Consultant can focus on your specific project without the day to day interruptions that you constantly face, allowing you to meet your specific deadlines and desired timeframes.
Gain experience. A consultant brings a breadth and depth of compensation experience to your project that you may not currently have in-house.
Objectivity. A consultant provides an unbiased perspective when examining your jobs and your market data, providing you with a defensible pay plan.
Access the best benchmarking data. Attracting and retaining top quality talent is critical for any organization. To ensure that your salaries are competitive, it's important to have access to the most updated, broad-based compensation survey data available. Using multiple surveys strengthens your compensation analysis, and often provides data thiat is not available in a single survey. Consultants have access to a number of salary surveys that if purchased individually, could cost cooperatives thousands of dollars to participate in and obtain each year.
You can take advantage of all of these benefits when you engage with an NRECA compensation consultant. For more information, contact Delaine Orendorff, delaine.orendorff@nreca.coop, 571-289-9023.
