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Total compensation & benefits
Background

1,400 employees in Ontario.

Highly educated, non-union workforce.

Issue at hand & Objective
The company provided a diverse but segmented compensation & benefits package that they thought was being undervalued by employees.

They wanted to integrate the total compensation & benefits offering and include a host of new innovative offerings that would position the company as unique from both recruiting and retention standpoints.

Constraints
The company did not have any expertise in total compensation & benefits integration.
Strategy & Process

The Collin Baer Group brought the needed expertise to the project.

We reviewed all elements of their current total compensation & benefits package and facilitated a discussion with senior management about what should and should not be included, and why.

The total compensation & benefits program was redesigned and re-priced to ensure it aligned with the company’s objectives, benefit philosophy, mission and values. As a differentiator, we introduced elements of choice for employees throughout the new program.

We developed a communication strategy for the new total compensation & benefits program so that employees could understand, appreciate and value it.

Results
The launch of the total compensation & benefits program was so well received, this company set a new standard in their industry for their innovation.

Annually, the company asks employees for feedback on what they think should additionally be modified or added to keep the program fresh and dynamic.

As a recruiting tool, the total compensation & benefits package differentiates this company from its competitors, without costing more than what is competitively appropriate.



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Management & HR Consultants in Toronto, Canada

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