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Compensation Audit Strategies for the A/E/C World
April 19 @ 12:00 pm - 1:00 pm
More and more companies, executives, comp committees, and the board are asking for this – a compensation audit. Basically, a compensation audit, or pay audit, identifies how you compensate your employees and how much pay they receive. Pay audits are also helpful in discovering what factors to consider when deciding on compensation, such as experience, performance, or amount of time working at a business. Besides providing employers with valuable information about how they compensate their workers, these audits can also reap positive benefits for you and your team. It should be a best practice in assessing all your compensation components.
A good compensation audit starts with a good plan, and we brought back the best teacher on this topic! Greg Hart, PSMJ’s President, is returning to SDA Seattle to help us get into some real, proactive steps to review your compensation plan can show your dedication to your team! As Greg leads the organization’s overall growth strategy, he plays a key role in ensuring that PSMJ stays true to its mission of improving the business performance of A/E/C organizations worldwide.
Here’s some of what we will cover:
- Is your compensation program appropriately divided between base pay and variable opportunity?
- Is the manner in which you use compensation economically justified?
- Is pay distributed and balanced effectively?
- Are pay structures aligned with your business structure?
- Do pay plans help keep your most productive employees?
- Do pay plans help keep you out of legal trouble?
Attendees of the live presentation will receive a Certificate of Attendance for continuing education credits, and a link to the recording. Program details:
- Date: RESCHEDULED DUE TO SPEAKER CONFLICT
- Length: 60 Minutes
- Location: Online via Zoom
- Cost: FREE for SDA Members / $15 for Nonmembers
- Purchase your TICKET below to receive the Zoom link
Meet the Presenter – Greg Hart, PSMJ
As a Senior Consultant with PSMJ, Greg is passionate about helping A/E/C firm leaders strengthen their businesses to create lasting value. He advises clients primarily in the areas of mergers & acquisitions, ownership succession planning, and business valuation. Greg has personally worked with hundreds of A/E/C firms on these matters. Additionally, Greg frequently contributes to a range of PSMJ and industry publications and speaks to various audiences on topics such as market trends, M&A strategy, and succession planning.
Greg leads the organization’s overall growth strategy and plays a key role in ensuring that PSMJ always stays true to its mission of improving the business performance of A/E/C organizations worldwide. In this capacity, he is actively involved with PSMJ’s publications, events, and advisory services in areas such as strategic planning, new product development, and ensuring that every customer and client interaction with PSMJ exceeds expectations.
Greg has spent his entire career in and around the A/E/C industry. Prior to management consulting in the industry, he began his career as an Environmental Scientist and holds a Bachelor’s degree in Environmental Science from the University of Massachusetts-Lowell as well as a Master’s degree in Business Administration from Syracuse University. He has also successfully completed business valuation coursework through the American Society of Appraisers.
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