We design your compensation structure to attract and retain talent, reduce turnover, promote equity and stay competitive
Salary and benefits can make up 80% of an organization's operating budget, over 800 organizations rely on our salary projection survey to support their salary planning needs annually.
Valuable for companies, favourable for employees
LifeWorks expert consultants will help build compensation structures that are equitable across teams and competitive to external candidates. And we will devise communication strategies across the broad employee population.
"Over 70% of survey respondents base salary ranges on market data - our practice has a leading up-to-date data source to help derive the values to design competitive salary structures. "
Key areas of support
Conducting job analysis, developing job descriptions and architecture with equitable pay and compliance design
Customizing pay and reward solutions in line with industry standards
Building plans and incentives based on competency and business performance alignment
Stacy Rous, EVP and CFO of the Ontario Teachers Insurance Plan (OTIP)“LifeWorks has been working with us since 2014. It has walked side-by-side with us, living through and helping OTIP with the difficult times and always coming up with creative ideas. LifeWorks really cares about our members and we couldn't be where we are today without them.”
A complete total rewards valuation: Our approach is to provide you with solutions that value all components of work and life. Partnering with us means partnering with all of LifeWorks, from pensions & savings to our in-house total rewards team.