Workshop

Building Fair, Competitive, and Adaptable Compensation Strategies

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In today’s rapidly evolving workplace, fair and transparent compensation is more important than ever. Organizations must balance market competitiveness, internal equity, and clear communication to attract and retain top talent while fostering a culture of trust and inclusion. At ReadySet, we understand that compensation strategies are not one-size-fits-all—they must be tailored to your unique organizational needs and responsive to constant change. That’s why we offer a comprehensive suite of services designed to help you build, refine, and communicate an effective compensation structure that aligns with your values, ensures fairness, and positions your organization for long-term success. From setting the foundation of your compensation philosophy to ensuring pay equity and salary competitiveness, we partner with you every step of the way to craft real, actionable solutions.

Phase 1

Setting the Foundation for an Effective Compensation Strategy

“Create a compensation strategy that aligns with your values while promoting fairness, transparency, and sustainable growth."

At ReadySet, we know that compensation isn’t just about numbers; it’s about fairness, transparency, and setting the stage for growth in a constantly changing environment. We work with you to deeply understand employees’ perceptions around pay, equity, and mobility, helping you create a forward-thinking compensation strategy that reflects your values and equips your organization for what’s next.

  • Gain a clear understanding of how your employees feel about pay, equity, and mobility through a detailed analysis that provides both qualitative and quantitative insights.

  • Develop a comprehensive compensation philosophy that reflects your organization's core values and creates a clear decision-making framework for pay-related decisions.

Phase 2

Ensuring the Right Leveling/Classification Structure

“Build a role structure that promotes equity, supports growth, and reflects the evolving realities of your organization."

In a world where roles evolve as fast as the workplace itself, it’s essential to have a flexible, accurate leveling structure. ReadySet partners with you to analyze and update your job classifications so that responsibilities and compensation reflect reality, not the past. Together, we’ll build a structure that supports growth and equips your team to handle whatever comes next.

  • Use insights gathered from job analysis interviews and surveys to clearly define the knowledge, skills, and responsibilities required for each role in your organization.

  • Ensure all job descriptions are up-to-date, accurately reflecting actual duties, qualifications, and growth opportunities for employees.

  • Establish a clear, flexible role classification framework that promotes equity, supports career progression, and makes role leveling transparent and easy to understand.

Phase 3

Maintaining Salary Competitiveness

“Ensure your salary structures are competitive, equitable, and designed for long-term success."

At ReadySet, we understand that compensation is about more than just keeping up with the market—it’s about doing so with fairness and alignment with your organizational values. Using our evidence-based approach, we conduct market analysis to ensure that your salary structures are competitive and grounded in your long-term goals.

  • Understand how your organization’s salaries compare with industry standards and regional benchmarks to ensure you stay competitive.

  • Revise your compensation structure based on up-to-date market analysis, ensuring it reflects both your organizational philosophy and external data.

  • Receive detailed recommendations for salary adjustments that help you maintain competitiveness and address any internal inequities.

Phase 4

Assessing Internal Pay Equity

“Identify and address pay disparities while building a fair and transparent compensation structure."

Pay equity is more than a legal requirement—it’s a commitment to fairness. ReadySet conducts thorough pay gap analyses, helping you identify and address disparities across protected and non-protected classes. Together, we’ll build a compensation structure that promotes equity and ensures every team member feels valued.

  • Conduct a thorough assessment of pay gaps across gender, race/ethnicity, and other protected classes to identify any existing disparities in your organization.

  • Take action with tailored recommendations for salary adjustments that address any internal inequities, ensuring fairness in pay across all roles and employees.

  • Use an actionable roadmap that helps you monitor, maintain, and continuously assess pay equity, ensuring your organization remains aligned with fairness and transparency goals.

Phase 5

Communicate Effectively about Pay

“Create open and transparent pay communication that fosters trust throughout your organization."

Employees need more than just competitive pay—they need to understand it. At ReadySet, we help you enhance your pay communications by auditing your materials and training your managers to have clear, honest conversations about pay. In an environment where transparency is key, we help you build trust and foster stronger relationships with your team.

  • Audit your current pay-related communications to identify gaps or inconsistencies that may affect employee trust and understanding.

  • Provide clear and employee-friendly communication tools that explain how pay decisions are made, fostering transparency and trust.

  • Implement a structured training program that equips managers to handle pay discussions with confidence and clarity, ensuring effective and transparent communication about compensation across your organization.