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Best package for companies with little to no standardized pay structure looking to build a solid, compliant foundation. Begin your journey here. |
Best package for companies looking to maintain compliant, fair pay practices, manage risks, and prepare for mandatory pay reporting. |
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| Included Services | ||
| Dedicated Compensation Team You will work with OutSolve’s compensation team to establish a foundational pay framework. |
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| Pay Philosophy Development This philosophy will define your compensation program objectives or guiding principles that drive how your organization will approach pay. |
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| Pay Transparency Consulting With retained consulting supportdesigned for the jurisdictions you work in, well keep you in compliance with applicablerequirements. |
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| External Pay Benchmarking with Location and Industry Factors OutSolve’s compensation specialists will analyze industry salary surveys and benchmarks to understand the market rate for various positions within your organization. |
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| Internal Pay Benchmarking OutSolve will analyze internal factors such as employee experience, performance, and tenure to establish equitable differentials within each pay grade. |
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| Establish Pay Grades and Ranges OutSolve can help you build a robust and equitable pay grade structure that supports talent acquisition, retention, and overall employee satisfaction, laying the foundation for a fair and competitive compensation environment. |
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| Setting Pay for New Hires OutSolve will help design transparent and competitive salary offers that not only align with market standards but also reflect your organization's commitment to fair and equitable compensation practices. |
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| Internal Pay Equity Analysis Evaluate the internal pay structure to ensure fairness and equity among employees with similar skills, responsibilities, and experience. Identify and address any existing pay gaps that may lead to internal inequities. |
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| Legal Support This project may utilize the legal expertise of a skilled employment lawyer with extensive pay equity experience to create protection for your reporting and understand the legal requirements and implications of pay equity analysis. |
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| Pay Analysis Groups Working with your compensation teams, Outsolve will tailor similarly situated pay groupings to your organization's specific needs by incorporating customizable criteria. Whether it's department, location, education level, or any other relevant factor, OutSolve adapts these critical groupings to your unique requirements. |
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| Multiple Linear Regression Statistics Our expert statisticians work closely with your team to develop customized pay models that reflect the intricacies of your organization. |
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| Testing Pay Models Harness the power of advanced statistical techniques, including multiple linear regression, to uncover complex relationships between various compensation factors. This method allows for a more nuanced understanding of how different variables impact employee pay. |
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| Cohort Analysis For smaller groupings and unique positions at your organization OutSolve will place an emphasis on analyzing pay equity within specific job titles. |
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| Remediation to Close Pay Gaps Working with your legal team OutSolve will provide multiple remediation options to address any areas of concern. |
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