Compensation includes everything from base salary, incentive plans, reward/recognition, perks, and benefits. It is important to be current with all aspects of compensation in your industry and your geographic location.
Bromelin can help your organization effectively create a personalized compensation program structured to maintain competitiveness while regulating labour costs. Employees are motivated and committed in a paid for performance structure where they feel valued and see long-term career development. Our team can implement total compensation strategies that support your business objectives.
Bromelin has a large database of sample job descriptions that can be customized or we can work with the client to create a job description
Complete the pay equity provincial diagnostic in order to assess when the organization must provide a submission; analysis of all payroll information; evaluation of each position to market benchmark; perform calculations to validate if any employees require a pay adjustment; preparing the postings; complete the “DEMES” in order to advise the government that the process is complete.
*Required for all Quebec based organization
Market based Compensation Design
Using industry specific compensation surveys, match the jobs in the market data, providing a total compensation profile including base salary, short term incentive target, long term incentive target, car allowance / organization car level, and any other pertinent compensation elements.
Short and Long Term Incentive Design
Assist with the design of short and long term incentive plan design. Short term incentive is defined as the target award associated with the expected individual, team, and/or corporate performance over the next 12-month period. Long term incentive is defined as the award associated with the expected individual, team and/or corporate performance over the next 3-4 year period.
Reward and Recognition Strategies (cash and non-cash)
The Rewards and Recognition program serves to highlight the excellence that exists in all areas and job functions across the organization. Employee recognition can be given in many ways—through saying thank you, giving praise, providing opportunity, or showing appreciation. The Reward Program is designed to support and encourage the values and behaviours necessary to achieve the vision and corporate objectives. This is a points based reward program, awarded and managed through an on-line system. These points are used to recognize and acknowledge your colleagues for their exceptional contributions and fosters a positive work environment.
Workforce Planning Strategies
Organizational design and headcount planning is an exercise that typically aligns with the internal budget process. Bromelin can help – we discuss your business priorities, assist with the analysis of current headcount and help to price additional positions needed for the upcoming fiscal period.
We can do the payroll input for your organization, manage hourly and salaried employees, bonus payments, overtime, RRSP contributions, taxable benefits, Record of Employment, T4s, T2200 and all related reporting.