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In 1994 Mike Umphres founded Compensation Advantage support corporations as they work to improve the effectiveness of their employee compensation programs.
The firm has evolved to become the premier compensation consulting provider in Middle Tennessee, Compensation Advantage supports clients through the development of key compensation programs including: market priced base pay salary structure development, market pricing jobs, specialty market surveys, team bonus program development, management bonus program development, sales incentive program development, employee recognition, total compensation program assessment, performance management programs, and determining FLSA Exemption status.
Compensation Advantage approach to Program Design
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 compensation 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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