Compensation

Stay competitive, attract, retain, and engage your employees with an effective compensation system. SpruceHR can support your business with the following:

 

Payroll Administration

Regain your time by employing SpruceHR to handle your payroll administration.

• Process payroll accurately and timely including salary adjustments, special payments, taxes and employee deductions

• Coach and mentor staff on payroll best practices, answer questions, and assist with changes

• Provide and explain annual total compensation statements to employees

• Ensure compliance with all federal and state regulations and changes that impact payroll

 

Compensation Planning

Research & Analysis:

• Collect, compile, and interpret compensation and benefits data from various sources, such as, remuneration surveys and labor market trends

  • Comparable worth, determining compensation, internal alignment, external competitiveness

• Perform internal job evaluations to determine appropriate compensation

• Analyze internal equity of compensation systems

 

Design:

• Design organizational compensation and benefits philosophies, strategies, and plans that align with:

  • The organization’s strategic direction and talent needs

  • That directly connect individual performance to organizational success

• Design compensation approaches

• Ensure compliance for laws and regulations governing compensation and benefits

• Design separation and severance systems and programs

• Design leave plans and approaches (vacation, holiday, sick, paid/unpaid leave)

• Design a plan to enhance employee wellness and engagement with employee assistance programs (EAP) and wellness programs

 

Together we can develop, implement, and evaluate as you see fit.