Seeing how EasySpa has grown from 15 employees to 396 employees this is definitely a cause to hire a compensation professional to help with the compensation process. Therefore, a compensation professional would be able to help support the company’s growth plans. Also, a compensation professional would remove the task of having Jay to ensure they offer attractive pay and someone would be able to focus more thoroughly on the compensation structure as it demands a lot of time from Jay
Compensation professional would also be able to create efficient job descriptions and formal pay structures. Likewise, the compensation professional would be able to design their benefit package and benefit offerings further help with staying competitive and current
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The reasons entail: time factor , a compensation professional can focus on the issues within the organization and with its compensation package, without being needed to address a problem, especially an unexpected one caused by the incompetence, negligence, or misconduct of another person especially when Jay has other complex duties followed with a diverse employee population. The consultant can also focus on completing the project to meet your deadline, without any distractions.Second, the compensation professional will provide experience. Generally, a compensation professional brings to the position the comprehensiveness and understanding of experience acquired from handling similar problems with a broad group of clients. Therefore, a compensation professional can quickly respond to your needs without having to “reinvent the wheel” or “learn on your dime.” Third, compensation professionals provide objectivity. Therefore, a compensation professional will provide unbiased solutions to your issues and provide alternatives that best meet the needs of the organization and administrative capabilities, not those that benefit the compensation professional alone. Fourth, they are a cost/benefit, essentially when companies have tried working out the solutions themselves, and sometimes they succeed; however, the cost of failure can be immense, since it includes the value of lost opportunities, wasted management and training time, costly recruiting, and damaged credibility with employees. A compensation professional can laser focus on the problem and develop better solutions quickly. Last, they are readily available. Despite the fact that even highly qualified staffs need help occasionally, which is why a compensation professional is important; the compensation professionals have the time, resources and specialized experience to supplement a company’s regular talent (Five Reason to