Summary
Sera Business Advisors LLC Headquarters in Brentwood, TN.
Sera Business Advisors LLC Headquarters in Brentwood, TN.
Compensation
Employees want to be paid fairly and equitably. How do you measure up against the market? Is a formal compensation process uncharted territory? Don’t worry. We partner with you every step of the way.
Sera uncovers unspoken needs then delivers tailor-made compensation solutions.
The Challenge
Multi-state industrial service company had an organically grown compensation process that lacked structure, market relevance and consistency across positions and geographies. The paternalistic nature of the seventy-year-old company emphasized “taking care” of its employees. Opposite than intended, employees developed a sense of entitlement through automatic annual pay increases. Under new leadership, the Company desires a correlation between individual and Company performance and annual merit increases.
How Sera Connected the Dots
Sera opened communication channels to understand current compensation philosophy, practices and struggles, then refocused Executives to describe their future ideal. Recognizing the disconnect at the manager-leader level, Sera crafted a compensation strategy to include market, industry, geographic and trend analyses, build-out of primary and secondary salary structure tools, evaluation of incumbent pay within structures, recommendations for future best-practice processes and initiatives, and delivery of meaningful training tailored to Leaders.