Pay Architecture 15

1. Pay Architecture

Step one is to help you envision what you want to build. This begins with the development of a pay philosophy statement that defines how and with whom you want to share value. This stage concludes with a blueprint of the plans you want to create and the priorities you want to set for their creation. In between we discuss options and guide you towards the rewards solutions most compatible with your philosophy.

rawpixel-983726-unsplash

2. Pay Construction

With a blueprint in hand, we are ready to build your plans.  This starts with the creation of a financial model that forecasts future company value at three levels of performance.  We then evaluate each plan within that framework to test its P&L, cash flow, tax and shareholder value implications.  Afterward, we help you examine and make decisions about all of the variables that should be decided and specified in the plan. Finally, we help you document and introduce it to plan participants.

Pay Communication 2

3. Pay Communication

For a pay offering to have impact, it must be effectively communicated.  This should not be limited to simply introducing the plan to participating employees.  A plan must be continuously promoted and celebrated.  We help you map out a rewards reinforcement strategy that will ensure your value proposition is understood and appreciated—and that it enhances your employer brand.

Culture

4. Pay Management

A pay strategy has a number of moving parts that have to be monitored and managed.  Often, there is a need for statutory oversight, financial reporting and documentation as well as basic plan administration.  Without proper attention, these issues can sink a company’s compensation plan.  VisionLink has superior resources to manage all these issues for you, so your time can be spent managing your business. 

Should You Hire a Compensation Consultant?
What is Your Present Pay Strategy Experience?
testimonial-image-1
icon-quote

VisionLink arrived on the scene just in time for us. We needed a new framework for our short-term and long-term incentive plans. VisionLink’s modeling and forecasting process broadened our horizons and expanded our view of how to use a good incentive system to build, retain and strengthen our senior management team. We remain impressed by their expertise, professionalism and great service.

James Keng, Chairman

Jimway, Inc.

Ready To Get Started?

If you would like to speak with one of VisionLink’s pay strategy experts, click on the “Request a Consultation” button below, or call us at (888) 703 0080.

Request a Consultation