FMI Compensation provides consulting services in the following areas:
Base Salary Structures: Base salary determines a company's ability to attract, retain and motivate talent. Structures should be internally equitable, externally competitive, and be cost effective.
Short-Term Incentive Design: These one-year or shorter programs reinforce the business strategy and tie payments to business and/or individual performance.
Long-Term Incentive Design: These programs provide income opportunities that last greater than a year. Long-Term Incentives act as retention tools.
Performance Management: Performance management systems reinforce consistent behaviors to achieve company goals in the most productive manner possible. These goals may include increasing sales, reducing costs or increasing production. A well-designed system will identify high and low performers and provide feedback for improvement.