Employee compensation is one of the most important investment decisions your company will make. Our compensation advisory services include competitive market analyses for workforce and executives to help ensure your pay is market competitive and aligns with your organizational goals and culture. Attraction, motivation and retention is the name of the game.
Our Compensation Consulting Services team provides expertise to employers of all sizes and industries including healthcare, manufacturing, financial services, not-for-profit and professional services, to name a few. Supporting clients is what we do best and is our number one focus.
Our customized compensation programs for your staff and management positions begin with developing a strong understanding of your organization to form a Total Rewards Philosophy that aligns with your strategy. We use a data-informed approach to evaluate market data for your industry, organizational size and geography to recommend competitive pay for your specific labor market. Our team has the expertise to develop a competitive pay program framework and evaluate employee pay to ensure your compensation program is internally equitable and externally competitive.
We partner with your Board or leadership team to benchmark and design all aspects of your executive compensation program. We identify the market in which you compete for talent and analyze executive compensation levels to include base pay, annual, and long-term incentives to enhance your organization’s ability to attract, retain, and reward top talent. Our services also include conducting performance evaluations for independent Board Directors and CEOs and peer group development. Newport is also a leading provider of deferred compensation and executive benefit plan services.
Specialized Compensation Services
Newport can make your compensation program more effective, competitive, and impactful. We offer specialized services to enhance performance management systems and linkage to compensation, job descriptions, design and deploy sales incentive plans, offer regulatory compliance reviews, and provide other specialized compensation services such as FLSA reviews and pay equity studies.
To provide access to competitive market information, Newport partners with you to design surveys on a range of issues, including industry-specific compensation comparisons, operational and staffing benchmarks, and more.
Compensation, Retirement and Benefits Trends Report
Each year, Newport’s Compensation Consulting team surveys employers across the country to gather data on the current state of compensation and benefit programs. This year’s survey revealed that many employers are utilizing a variety of compensation and benefits strategies to motivate their work force within a cost-effective total rewards structure.
Download the Compensation and Benefits Trends Executive Summary 2023-2024
For more information about our compensation consulting services, contact Rena Somersan, Managing Principal, at email@example.com or 414-312-8189.