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PeriscopeCOMP™
In most organizations, employee compensation is often the largest expense. Proper compensation strategies cannot only have a significant impact on the bottom line, but can also increase morale, improve retention and deliver strategic outcomes through targeted incentives. Research indicates that these benefits can translate into tens of millions of dollars for a midsize company.
Employee benefits is another critical area that is undergoing increased scrutiny as the costs of the benefits increase at a much higher rate than the overall compensation.
Compensation strategies imposed from the top, without competitive and perceived value intelligence, can be destructive in the long run. Competitive compensation intelligence, with proper job and region matching, is crucial in selling compensation rates and policies. While national compensation surveys can provide needed data, they are often lacking information for specific jobs and/or for specific industries.
Value Perception Profiling (VPP™) is a powerful tool for maximizing perceived value to the employees in place of maximized dollar compensation. Study after study has shown that the highest compensation does not directly correlate with any of the typical strategic goods such as high employee maturation or high productivity.
Value perception profiling is even more important for benefits since some of the expensive benefit elements may not be of that much value to the employees or significant segments or employees.
PeriscopeComp is designed for:
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National or regional compensation surveys |
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Ad-hoc or client compensation surveys |
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Employee benefit surveys |
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Sales incentive design studies |
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Compensation value optimization studies |
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For more information on PeriscopeCOMP, please send an email to info@periscopeiq.com or call 610-866-6001.
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