internal value + marketplace price = total equity

ElementOne’s Best Practice approach to management and staff compensation involves identifying and solving internal equity and external competitiveness issues, and ensuring that individual contributions are rewarded. We help you develop the three essential building blocks of good employee compensation:

  • Valuation of jobs through a formal job evaluation process
  • Competitive pay structures tied to appropriate market data
  • Individual pay tied to proven long-term employee development

What is the value to your organization?

The ElementOne approach involves time-tested and proven techniques, applied directly to your needs.  Our experience has demonstrated a direct correlation, immediately and over the long term, between management involvement and implementation success. We involve your management staff directly, so the end product truly is yours, not “the consultant’s idea.”

The labor market is an inconsiderate beast, often hard to control or even respond to. Attempting to manage pay opportunities for each job by simply following annual shifts in the labor market is a fool’s errand. The solution? Reconcile the internal value of jobs (job evaluation) with the external value of jobs (market research).  Job evaluation captures the true nature and complexity of each of your jobs, not simply a haphazard “match” to market surveys.

ElementOne’s pay structures are built on simple statistical models that can be represented graphically like this:

Screen Shot 2014-08-14 at 10.54.46 AM

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