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Broad-based Compensation

Equitable, competitive plans for today and the future

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 

Job evaluation and classification

Conducting job analysis, developing job descriptions and architecture with equitable pay and compliance design 

Cash compensation benchmarking and salary policies

Customizing pay and reward solutions in line with industry standards 

Variable compensation programs

Building plans and incentives based on competency and business performance alignment

“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.”
Stacy Rous, EVP and CFO of the Ontario Teachers Insurance Plan (OTIP)
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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.

Improving lives. Improving business.

Get started today