Best Practices in Compensation

Presented By: Kevin Paulsen/Nicole Roach

PaulsenRoach NicoleTo ensure the effectiveness of total rewards at an organization, it is critical that resources are delivered in a way that reinforces the organization’s desired strategy and culture.  Specific to base and incentives, it is important to be in a competitive position in comparison with their competitive market for compensation paid or budgeted.  It is essential that organizations utilize valid survey sources and a reliable process to determine competitive levels of base, short-term incentive, long-term incentive and benefits.  This session will identify the most effective techniques to put an organization in a position of attracting, retaining and motivating top employees.

Learning objectives for this session include:

  • Understanding specific compensation practices to attract and retain top talent and manage costs effectively.
  • Linking implications of high/poor performance and the impact on compensation levels and what reinforces desired behaviors
  • Obtaining balance between internal equity and external market competitiveness, and best practices in market pricing analysis
  • Integrating base compensation and/or variable compensation plans; resulting in a highly competitive total rewards package.

Kevin is a Principal at Newport Group. His specialty areas include wage and incentive system design; compensation survey development and administration; compensation studies and surveys; organizational planning; performance management design; leadership assessment and development.

A consultant since 1987, Kevin has assisted hundreds of companies ranging in size from $500,000 to over $1 billion in sales in the financial services, manufacturing, not-for-profit, and construction industries.

Nicole is an Associate Consultant at Newport Group and brings over ten years of experience in Finance, Management, Higher Education, and Human Resources. She is also currently an Instructor at a local junior college during the evenings, where she teaches under the Business curriculum.
Nicole currently serves on the Board as the Workforce Development committee chair and serves on the Certification committee, as a member of Great River Human Resource Association. Nicole is an active member of SHRM and is a volunteer with the Employer Support of the Guard and Reserve.

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