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In 1994 Mike Umphres founded Compensation Advantage. As the firm’s Principal, he has been supporting corporations as they work to improve the effectiveness of their employee compensation programs.
Compensation Advantage approach to Consulting
Customer Project teams – Members of your staff participate in all discussions and development of the new program.
Strategic Start - The first step should be development of your strategy. Once this is established it is used to guide the rest of the project and to measure the success of your program going forward.
Business Need Drivers - Your new compensation program and related pay delivery programs should support your business. In other words, your business objectives and needs should drive each of the pay program components.
Clarity - Project objectives and deliverables are to be clear and mutually agreed upon at the beginning of the project.
Communication - We support broad communication of information concerning the new program both during development and upon implementation.
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