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Compensation Consulting

How do your compensation plans measure up?

Although your employee turnover may have been low up until now, with the current economic situation, your top performers may be ready to retire or jump ship for better compensation packages offered elsewhere. 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.

Hitting the Target: Take Stock of Sales Roles and Compensation Practices

Trust the compensation experts

With our unbiased strategic consulting approach, you get a team that is dedicated to helping your company succeed in its industry. 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 article, “Bulletproof Your Compensation Program” or read other articles written by our consultants. 

Our areas of compensation consulting expertise

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

  • Annual Compensation Surveys
  • Customized Surveys
  • Competitive Practices

Request an Initial Consultation

Discover the benefits of working with our compensation consulting experts.
You’ll be glad you took this first step!