Total Rewards
When you engage with Optus Consulting , you benefit from the collective knowledge and experience of our dedicated compensation experts. Optus Consulting professionals have served as “go-to” solution providers for clients large and small on even the most complex projects. With each successful client engagement, we continue to earn the reputation as “Your Trusted Partner for Compensation Solutions,” and we look forward to serving your needs and earning your trust.
Our Beliefs and Delivery Approach
Authentic
The compensation philosophy and practices you put into place need to be authentic to your organization’s objectives, culture and realities.
Curious
We ask questions you may not have considered or that you may not have answers to. We seek to develop a deep understanding of your current pay and rewards practices, uncover and address preferences, assumptions and perceptions of total rewards as well as create insight into what’s possible.
Holistic
Value is derived from an ability to execute well. We will help your organization create the structures, tools and practices to drive consistent, fair, competitive and effective decisions that generate the right results.
Results-Focused
We apply our holistic view of proven, trending and leading practices to generate insights that can help you make the right choices for your organization.
Practical
We validate our proposed approach, balancing what is ideal or desired versus what is practical
and sustainable.
What can Optus Consulting do for you and your company?
At Optus Consulting, we know how important employee satisfaction is in today’s competitive marketplace. Compensation and total rewards are crucial in showing that companies truly care about their employees. Part of understanding this importance is in making sure these plans align with a company’s core values and meet their needs and objectives.
That’s why we focus on projects first – discussing value and purpose at every stage along the way, providing consistent communications and helping maximize the return on your investments. Simply put, we provide innovative compensation and total reward solutions to maximize employee capabilities and expertise and, ultimately, drive business results that grow an organization’s bottom line.
This service includes market benchmarking of as few as one position to a handful of positions. For single positions, the market data is typically turned in 24 to 48 hours. This service provides three data points for both base and total cash specific to your industry, employer size, revenue or budget size, and geographic location.
This includes development of compensation philosophy, determination of appropriate market data scopes, job analysis/job documentation, market benchmarking, development of a salary structure, incumbent analysis, and final report on findings.
A total rewards strategic assessment includes a review of organizational strategy, vision, and mission; compensation; benefits; performance management; employee development and training; communications; and other aspects of total rewards. It includes managerial interviews and a review of human resources policies, procedures, and documentation. This is a comprehensive review of all aspects of total rewards and includes recommendations for improvements in each area.
A discrimination analysis is a review for any pay inequities for employees in multiple incumbent jobs as well as pay ranges and/or employee classification types. An equity analysis is a review to determine appropriate pay between employees.
Executive benchmarking is critical to ensure you are remaining externally competitive with your executives. We recommend you benchmark your executives every two years to ensure external market competitiveness. We will work with you to develop a compensation philosophy and pay mix for your executives, help you determine appropriate benchmarking scopes, understand the employment history and relevant experience of each executive to their current position, and recommend both base and bonus compensation for each individual executive. You will receive a report that documents this independent third-party process along with final recommendations.
We design profit sharing/gain sharing plans, management plans, executive plans, customer contact plans, and manufacturing/distribution plans, just to name a few.
We design sales compensation plans for an individual position or a team. We also consult on incentive plan process development and measurement of sales plan effectiveness.
We perform many other types of compensation consulting services to include design and consultation on merit pay, develop job descriptions, policy development, compensation scorecards, hiring grids, compensation administration manuals, and strategic planning of reward/recognition programs.
CONNECT WITH US
Email : info@optusconsulting.ca
Number : +1 (647) 509-7363
Address : Mississauga, ON
Vancouver, BC