Providing the right total compensation package is key to attracting, motivating, and retaining top talent.
With Fahrenheit, you’ll have precise and timely market-based data at your fingertips to develop salary guidelines that draw – and keep – the best talent.
You’ll have confidence, too, that your compensation structure competes beyond salary with competitive benefits, incentives, and other factors important to the workforce.
Compensation is a mix of “art” and “science.” Fahrenheit finds the right balance for clients by understanding and accounting for the distinctive circumstances guiding their operations.
Our team of subject matter experts leverages internal equity and external competitiveness to determine whether total compensation packages are strategic, fair, and competitive – and closely collaborate with clients to make any needed adjustments.
CompetitivenessCompensation analysis uncovers how your organization’s total compensation package stacks up against competitors’. Working within your mission, vision, values and strategy, Fahrenheit develops custom pay philosophies that are unique, understandable, flexible, and easy to administer. The wholistic approach examines: base salary, salary structure/ranges, incentives, health & wellbeing, benefits, prerequisites and more.
EquityA deep dive into your organization’s compensation structures practices reveals whether your methodologies are consistent and fair, or should be revised. Fahrenheit works with your organization to compare key demographic indicators and adjust diversity or pay measurements to ensure equality.
Tomorrow63% of employees leave because they believed their pay is too low. 43% of employees leave because their benefits were not good enough.*
We prepare your organization for tomorrow’s talent acquisition needs through advanced compensation benchmarking, benefits review, and trends analysis.
*Pew Research Center
The Fahrenheit Methodology
Your business is unique and total compensation is much more than numbers. Fahrenheit:
- Understands your mission, vision, and culture
- Assesses pay, benefits, and retention/attrition data to understand trends and gain insight
- Uses tools such as salary surveys, 990s, and proxies to ensure effectiveness
The result: a total compensation strategy aligned with your business objectives that sharpens competitiveness.