Compensation & Benefits
Become an employer-of-choice with holistic
compensation & benefits strategies.
The Augmenter Compensation &
Benefits module instills safe and fair compensation systems that maximize
staff contributions and encourage individual growth.
Holistic
Compensation Model | Benefits
& Contact
Holistic Compensation Model
The holistic compensation model addresses
the monetary and non-monetary needs of staff in order to maximize
their personal and professional growth.
Adopting a Lead-based model enables the
organization to become a figurehead in attracting talent and earning
higher-than-average retention rates.
The holistic compensation model:
It consists of three stages: The Preparation
Stage, The Execution Stage, and The Evaluation Stage.
The Preparation Stage
conducts job analyses, interviews incumbents for potential improvements
and performs a general market analysis. Improvements and the inclusion
of direct performance-based models (profit-sharing) into base compensation.
The Execution Stage
implements the planned compensation alterations. Information gathered
during the Preparation Stage are factored into the development of
the new holistic compensation & benefits strategy. Information
sheets, booklets and designated staff are employed to field questions,
offer suggestions and troubleshoot.
The Evaluation Stage
measures the effectiveness of the new compensation guidelines after
a six- and 12-month period, respectively.
It make staff a more central part in the
organization's success and directly links them to its overall performance.
It makes staff more responsible for their own compensation while increasing
the ease and accessibility to increased compensation.
It puts emphasis on individual needs and
acts as a solid method to gauge individual growth and fulfillment.
Benefits & Contact
A holistic compensation model optimizes
staff performance through rewards systems that meet their own needs
for personal and professional growth.
With a
holistic compensation model, the organization experiences the following:
