Summary
Astron Solutions Headquarters in New York. At Astron Solutions, our focus is on YOU!
Astron Solutions Headquarters in New York. At Astron Solutions, our focus is on YOU!
Compensation is a critical component of a positive and productive work environment. We offer the following services, always tailoring our solutions to your organization’s specific needs:
When you choose to work with our team of compensation consultants, you can expect the process to look like this:
- Due Diligence Discussion: We begin by exploring your organization’s structure and business strategy, taking a close look at your current HR practices and your recruitment and retention challenges.
- Market Data Research: Next, we look at the 25th, 50th, and 75th percentiles of the market for base pay and total cash compensation by job. We use high-quality data that is specific to your location and industry.
- Job Description Review: How your job descriptions are written is essential for effective recruitment and performance management. We audit your job descriptions to verify that essential role functions and qualifications are reasonable, that job titles are standardized, and that each role is assigned to recommended pay grades based on the market data that we’ve gathered.
- Base Pay & Total Cash Analysis: We’ll conduct a thorough analysis of the base pay and total cash analysis for selected jobs across levels and functions to help you get your direct compensation strategy right, and aligned with your indirect compensation strategy as well.
- Pay Structure Development: With a clear view of the markets you’re operating in, your compensation budget, and your current compensation and total reward strategies, we can recommend an appropriate, consolidated, and geographically-sensitive salary structure for your organization.
- Employee Impact Analysis: We’ll take a close look at how our recommended compensation improvements impact your organization financially and the effect they have on your employee’s engagement and morale levels. We’ll also present options for addressing equity concerns and those with pay outside of newly-determined pay ranges.
- Ongoing Support: We view our engagements as partnerships. Beyond our initial work together, we can keep the conversation going and continue to monitor your compensation approach and address questions and issues as they arise!