S+S Consulting, Inc.

Compensation and Benefits Management
Compensation refers to wages and salary paid by employers to employees in exchange for work. Wages and salary is the foundation of total compensation, because it establishes the standard of living for employees. It also serves as the primary indication of the value a business places on the role an employee plays and on the contributions the employee makes. For Wages and Salary to be effective, both the business and the employees must view them as being internally equitable, externally competitive, affordable and cost effective, legal and defensible, understandable, and appropriate for the organization and for the workforce.

A Benefit is a form of indirect employee compensation that businesses use to attract, recognize and retain workers.

Compensation and Benefits often includes:

- Variable pay in the form of short and long-term incentives
- Paid time off such as vacation, sick time and holiday pay
- Insurance, such as medical, dental, life, and disability
- Retirement and profit sharing plans
- Flexible work arrangements, such as telecommuting, flexible work schedules and compressed work weeks
- Tuition reimbursement, health and wellness initiatives and employee discount programs
What we will do:

- Analyze the competitiveness of your current compensation and benefits
- Analyze and design a compensation infrastructure that works for you
- Develop merit- and performance-based compensation plans
- Develop short and long-term incentive programs
- Identify and create a benefits package that keeps your employees happy and healthy