Westminster Associates
Human Resource Services
Westminster Associates is a full-service Human Resource and Compensation Consulting firm. As your strategic partner, we offer a range of services in pay program design, productivity improvement and performance management for organization of all sizes. Our services include the following:
Compensation Strategy Development
Compensation Strategy Development
We believe that compensation can be a powerful strategic ally in an organization’s quest for improvement. What it consists of and how it is used are of prime importance. “Doing what others do” or using time-worn methods will not achieve your objectives. We help you make the best use of your compensation dollars, which can represent as much as 75% of a company’s total expenses.
Pay Surveys
Pay Surveys
Pay Surveys
Pay Surveys
With the concern about potential antitrust violations associated with the pay survey process, third-party surveys have become the only way to confidently protect your company. As a result, our pay survey practice has grown considerably. We conduct Compensation and Benefit surveys locally, regionally and nationally for well-known companies and associations.
Alternative Rewards Strategies
Two primary Alternative Reward Strategies are Skill-Based Pay and Gainsharing Plans. Skill-Based Pay is an individual incentive plan that pays employees for skill acquisition. Gainsharing is a broad group incentive plan in which the company and employees share gains financially to form a powerful combination for improving individual and organizational performance.
We believe that compensation can be a powerful strategic ally in an organization’s quest for improvement. What it consists of and how it is used are of prime importance. “Doing what others do” or using time-worn methods will not achieve your objectives. We help you make the best use of your compensation dollars, which can represent as much as 75% of a company’s total expenses.
Equity-Based Incentive Plans
ValuGain℠ Plans are our unique variation of equity-based incentive plans, which make every covered employee feel and behave like a business owner. While equity-based incentives were designed for executives and leaders of family-owned businesses, our ValuGain Plans extend the concept downward to create a sense of ownership in and concern for the business.
Retention Audit
If your company has a problem with employee turnover, our Retention Audit. We believe employee turnover is caused by one or more of seven “dimensions of turnover.” We study these dimensions in your organization to identify the reasons why people are apt to leave or are leaving your company. When we are done, you will have a plan for reducing future turnover.
Outsourced Human Resource Services
CompCare Direct℠ and HR Care℠ are our exclusive service packages for small and mid-size businesses. CompCare Direct contains virtually all the functions performed by an in-house Compensation department, while HR Care includes virtually all the functions of an in-house HR department. Our unique support models are designed to provide as much support as you need.
Pay Program Design
Pay Program Design
Some organizations aren’t ready for the latest compensation developments. They need a formal, traditional pay system to simplify administration, save time and provide structure. We can help you create a traditional job-based program that includes: job analysis, job description writing, job evaluation, pay structure development and in-grade pay strategies.
Performance Management
Today, we think of the Training and Development function more as the Performance Management department because it must now contribute to your organization's strategy, success and profitability. They must be linked to your business goals and provide a real return. Our customized Performance Management programs are linked directly to your business objectives.
Team-Based Pay Plans
American business has embraced teams. Teams operate differently and so must be paid differently in order to maximize their effectiveness and fairness. We develop small and large team incentive pay plans to reward teams for their achievements. We can develop the most effective incentives to help them accomplish their goals.
One-Day Pay Program Audit
When you need an independent professional evaluation of your pay program, take advantage of our One-Day Pay Program Audit. It's an intensive, one-day, on-site audit of your pay program that reviews and covers more than 15 key areas. We then present our findings to top management. In the end, you’ll have a clear plan and direction for improving your pay program at your own pace.
Culture Audit
"Culture” may not be easy to define, but it can impact whether employees want to work for your company - or stay once they get there. We've identified ten “dimensions of culture” that affect employee morale, which we will customize to your workplace. In the end, you'll have greater insight into the factors that produce a positive or negative view of “life at work” in your organization.
Competency Identification
Competencies can be thought of as white-collar skills. Identifying competencies required by your company can be worthwhile, but getting there can seem like a never-ending process. We’ve developed a process for quickly determining competencies. Once identified, we link competencies to pay, hiring, training and other processes for a truly integrated approach for harnessing the power of competencies to benefit your organization.
Competency & Role Evaluation Plans
Job Evaluation Plans examine and evaluate job characteristics. But while jobs may change, the competencies required in stable groups of activities never change. Therefore, it is reasonable to value jobs by studying the competencies which they contain. We’ve developed Competency-Based Evaluation Plans to do just that. After studying the competencies identified by many companies, we discovered that many are the same. So we captured them in an Evaluation Plan that can be applied in many companies. In addition, we have created Role Evaluation Plans that are centered upon roles rather than jobs or competencies.