Lappley & Associates provides a full range of compensation consulting services that support the strategic goals of our clients while reinforcing the organization’s desired culture. We design programs that enhance the performance of the organization and are market-focused. Our services include:
Each organization has a unique mission, values, organizational culture and business strategy. Taken together, we support clients in defining a human resource strategy which stated simply is what kinds of employees do we attract and retain and how do we treat them. We develop a rewards strategy that supports its human resources strategy and that is aligned with the client’s business strategy and organizational culture.
Lappley & Associates consultants work with clients to develop salary, annual incentive and long-term incentive programs for executives. Our clients include public and private, large and small, and for-profit and not-for-profit organizations.
We work with clients to design a base salary program that aligns target pay and pay opportunity with internal values and the external market. We develop administrative processes that integrate a client’s salary program with its performance management processes including the extent to which the client differentiates pay based on performance
We assist clients in the design and implementation of variable pay plans that are affordable and provide motivation to the work force. The consultants develop measures that reflect the client’s business goals and support the achievement of increased productivity and profitability.
We work jointly with company management, sales, and human resources to understand its sales process, the role of each sales job and competitiveness including mix of salary and incentives. We then design an incentive program and communication process that supports the client’s business and marketing strategies and balances a fair return to the organization with motivating the sales force to excel.
Using a variety of surveys and sources, we collect and summarize market data on compensation practices to arrive at competitive practice, typical compensation opportunities and compensation program design features. Market pricing is often incorporated in compensation program design assignments.
When competitive compensation information is needed for a specific industry or group of organizations not available from published surveys, we design a custom survey questionnaire to meet a client’s data needs. We will conduct the survey and develop a detailed report of survey findings including a comparison of client compensation to survey compensation findings.
The compensation paid to directors is a very timely issue that companies confront. We consult with clients regarding size of boards, retainers paid for regular board service, fees paid for committee work, terms of directors, alternative pay structures and perquisites offered. We encourage clients to review board compensation a minimum of every three years to ensure appropriateness of practice.
Successful organization design requires knowledge, skills, and time. It requires following a process to build optimal organizations that are capable of achieving the business strategy and fit the organization’s values and culture. We work with clients to identify organization issues and design solutions that will help managers and executives increase the effectiveness of their organizations.
Designing effective jobs is one of the most important things managers can do to achieve the results they need to deliver. We work with clients to design jobs that meet organization and employee needs; jobs that make the intended contribution to results, have clear roles and accountabilities, and engage employees.