Compensation & Benefits Planning

Businesses compete for top employees. An innovative compensation and benefits strategy may be the competitive edge needed to tip the scales in your favor when top talent comes your way. If you think managing your company’s compensation and benefits programs is a mundane necessity, you may miss key areas where cost can be converted to opportunity.

For many enterprises, the largest expenditures are employee salaries and benefits. The cost of such benefits doesn’t have to be a burden on your company’s growth. Many business owners spend little or no time developing an integrated compensation and benefits strategy that aligns with short- and long-term business goals. We can help owners strike a balance. TravisWolff’s Compensation & Benefits Planning Group (CBP) works to strategically position your company to attract and retain top talent while meeting your business objectives.

Did you know?

• 50% of employers offer a 401(k) plan?
• 97% of employers offer health benefits?
• 69% of employers offer dependent care reimbursement programs?
• There are ways to present benefits to an applicant so that he/she can see the “big picture” of what his/her salary is really worth?
• You can manage executive compensation in a way that opens the door to increased performance and employee loyalty?
• You can offer a tax shelter that will be attractive to both current and prospective employees?
• There are ways to structure pay that rewards employees for their actual contribution to the bottom line?
• The law does not necessarily require that all groups of employees receive the same benefits?

The rapidly changing area of compensation and benefits offers business owners incredible opportunity. CBP stands in the forefront of compensation strategists and offers in-depth analysis and valuable advice on current trends. Our services include program and plan design, employee benefits education and communication, plan administration, and support for plan administrators. CBP can work with you to:
 

• Establish pay ranges for positions
• Design executive compensation programs
• Build a comprehensive employee benefit program
• Reduce unnecessary employee benefit costs
• Identify cost-effective, quality carriers
• Structure easy-to-administer compensation and benefits programs
• Streamline benefit administration
• Develop exit strategies for key members of management

CBP provides business owners a full range of compensation, benefits, and pension consulting services. Supported by state-of-the-art technology and extensive experience, our services include:

Compensation

• Compensation and benefits surveys
• Analysis of competitive pay levels
• Incentive pay plans
• Executive compensation arrangements
• Salary administration programs

Employee Benefits

• Flexible benefit programs and tax strategies for benefits
• Pension and retirement savings plan design
• Financial management and funding policies
• Executive pension arrangements
• Complete support for plan administration
• Communication to plan participants
   

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