Compensation Strategies

At The Centre Group, we take a broad view of employee compensation.  We see pay as a component in the overall Reward System – a strategic element of human resource management.  Why, for two reasons.  First, how an organization manages its Reward System has a measurable impact on its overall success. Second, how employees feel about their employer and their experience at work is heavily influenced by the way that they are recognized and rewarded for their contribution and dedication. 

We believe that the Reward System in any organization should be designed to address four objectives:

  1. It should motivate employees to perform at their best every day.
  2. It should be cost effective, providing the company a good return on compensation.
  3. It should reflect the culture of the organization.
  4. It should be consistent with and reinforce operational goals and priorities.

The Centre Group’s experience in Reward Systems spans over thirty years in a wide range of organizations and industries.  Our expertise includes:

    • Market studies
    • Base pay & salary administration
    • Performance management systems
    • Direct and indirect employee incentive pay programs
    • Sales compensation
    • Senior management annual and long-term incentives
It is important to be concerned about how much to pay in order to attract talented, dedicated employees, but it is equally important to be intentional about how pay is delivered in order to achieve optimum results.