Compensation, less complicated.
Recruiting, rewarding, and retaining the right people starts with a strong compensation strategy. EANJ helps members build and maintain competitive, compliant pay programs. From quick benchmarking to full compensation design and analysis through our partner, Cascade Employers Association, we deliver practical solutions that fit your needs and your budget. Services include:
Benchmarking
EANJ members have access to employer-reported wage and salary data for most jobs in New Jersey, including ranges, means, and medians. This allows for effective benchmarking by role, experience, and organization size to ensure competitive compensation.
Pay Structure Design & Assessments
Whether you’re designing your compensation program and structure from the ground-up or modifying your existing structure, you will receive equitable and competitive pay practices from our compensation experts. We are here to help with quick compensation consulting or large projects, supporting employers of all sizes in all industries. Our approach includes:
- Defining a total compensation strategy
- Determining competitive pay levels using multiple market surveys
- Aging market data
- Establishing and maintaining current pay grade and wage structures
- Identifying equitable internal job level/grade relationships
- Aligning administrative practices with pay strategies
Equal Pay Analysis
New Jersey’s equal pay law is one of the strongest in the nation. Our equal pay analysis helps identify and correct pay disparities so you can stay compliant and build a fair, equitable workplace.
Total Compensation Assessments
In conjunction with wage/salary structure development and assessments, we can provide a comparison of organization incentive/bonus practices, benefit plans, and total compensation practices verses market practices and recommend reallocation of compensation dollars as appropriate.
Incentive/Bonus Plan Design & Executive Compensation Plan Development
Design, develop and implement performance-based incentive/bonus and/or executive compensation pay plays that fit the competitive business environment and align with your organization’s specific performance expectations.
Employee Benefits Analysis & Total Rewards Plan
Are your benefits competitive? Let us compare your organization’s employee benefit plans and practices to today’s market norms. We’ll identify gaps and bring you specific recommendations if your offerings fall short. Our total rewards strategy and plan approach use the freshest market data to create a powerful compensation and benefits package.
Contact EANJ
Contact us today for more information on our compensation services and EANJ member-preferred pricing rates - eanj@eanj.org