Compensation Consulting

How do your compensation plans measure up?

Although your employee turnover may have been low up until now, with the economy improving, your top performers may be ready to jump ship for better compensation packages offered elsewhere. Add the Dodd-Frank Act and new disclosure requirements for executive pay, and you may be ready to cry “Uncle!” Your company needs compensation plans that pay competitively and achieve company goals, while complying with all regulatory and disclosure rules – but how can you get your plans to do all this?

The compensation consultants at McDermott Associates can help. We combine deep business experience with human resources knowledge to help you assess the strengths and weaknesses of your current compensation strategy. Then we work with you to design pay and incentive programs for executives and employees that balance retaining your “A” talent and reinforcing positive employee behaviors with complying with all applicable regulations.

Trust the compensation experts

With our unbiased strategic consulting approach, you get a team that is dedicated to helping your company succeed. To find out more about our consulting methodology, visit our How We Work page. Check out our Case Studies to see how we've achieved lasting results for clients. You may also want to download our whitepaper, "Bulletproof Your Compensation Plan."

Our areas of compensation consulting expertise include:

EXECUTIVE COMPENSATION

  • Short-Term Incentive Plans
  • Long-Term Incentive Plans
  • Stock-Based Plans
  • Equity Simulation Plans
  • Employment, Severance and Change of Control Agreements
  • Intermediate Sanctions
  • Non-Qualified Deferred Compensation Plans

BASE PAY PROGRAMS

  • Market Pricing
  • Salary Structure Design
  • Job Evaluation Systems
  • Merit Pay Programs
  • Broad Banding
  • Skill-/Knowledge-Based Pay
  • Team-based Pay

INCENTIVE PROGRAM DESIGN

  • Sales Incentive Programs
  • Short-Term Incentive
  • Team-Based Incentives

MARKET ASSESSMENTS