Compensation

PRAXIS can systematically help you define, develop, implement, and communicate the total compensation program for your organization. Pay planning must be integrated with overall business planning, and reinforce the desired organizational culture and strategic objectives. A goal-oriented compensation plan enhances an organization's ability to retain and motivate employees at all levels.

We provide the following services:

Base Pay Program Design
Market pricing, salary surveys, and analysis
Development of salary range structure
Salary administration policy development
Job description preparation
Compliance with FLSA and Equal Pay provisions
Performance management and assessment processes

Bonus and Incentive Compensation Design
Short-term, annual incentives
Team-based rewards
Management incentives
Executive compensation plans and perquisites
Gainsharing
Deferred compensation
Cash or stock bonuses
Sales and commission-based plans