STHRM will assist in developing, designing, implementing, and communicating effective compensation programs..

 

 

 

 

 

 

 

 

 

STHRM Compensation
Executive Compensation, Compensation Planning, Merit Budget Planning, Incentive and Variable Pay Program, Position Market Pricing, Sales Commission

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Executive Compensation
STHRM will develop a customized performance management appraisal to assist in evaluating associates strengths and organizational areas of concern. Timely communications with proper documentation are important for associates to know they are meeting expectations and areas requiring improvement. We will train your managers and supervisors to conduct effective performance appraisals.

Compensation Planning
STHRM will assist in developing, designing, implementing, and communicating compensation (hourly, clerical, professional, and executive) programs that complement your business strategy, management style, and associate base. STHRM will also conduct an annual review of your company's compensation programs to insure they are competitive, cost-effective, and compliant with federal and state regulations. In addition, we develop management and executive qualified and non-qualified performance incentives and recognition plans that can attract and retain key associates while retaining your successful performance.

Merit Budget Planning
A financial plan for the allocation of money to pay wages and financial benefits for a covered group of employees over a specified period.

Incentive and Variable Pay Program
STHRM develops management and executive qualified and non-qualified performance incentives and recognition plans that can attract and retain key associates while retaining your successful performance.

Position Market Pricing
Wage and salary policy that sets the rates to be paid for a job to the organization’s best estimate of the going wage rate in the external marketplace for that job. Estimates of what the market would pay for a job, based on what it pays for similar job, use to price jobs for which market data are not available.

Sales Compensation
Compensation paid to sales representatives or sales management, which varies in accordance with accomplishment of sales goals. Sales compensation formulas usually attempts to establish direct incentives for sales outcomes, such as the establishment of commissions as a percentage of sales. Salary Administration