Turn employees into growth partners.
How competitive is your pay strategy?
You want employees who are driven to help your company reach its full potential, but attracting, retaining, and motivating that level of talent in a competitive market can feel intense. So, you worry.
Are you paying people well enough?
Are your bonuses tied to the right metrics?
Are your incentive programs aligning employees as growth partners?
We can help.
At LoVasco, we believe high-performing employees deserve highly competitive compensation. We also believe: offering it to them shouldn’t be such a shot in the dark.
Let's get creative.
There's no doubt that you want to share value with those who help create it, but knowing how to offer it while also positioning the company for growth can feel like a tug of war.
That’s why we help companies build performance-driving pay strategies that turn employees into growth partners.
Define & implement a
meaningful pay strategy.
Our full-service solutions include helping you:
We believe that an overarching vision and strategy for how you pay employees (and what you want to reward them for) is the backbone of a world-class business.
We’ll help you crystalize a value statement that demonstrates the financial partnership your organization has with its employees.
Incentive Plan Design
The foundation of a performance-centered pay strategy is effective value sharing. We advocate for a value-sharing approach that has a single, overarching philosophy applied towards two separate performance and rewards initiatives:
Rewarding Annual Performance
Including: Profit-Based, KPI, and HyBrid Plans
Rewarding Long-Term Performance
Including: Stock, Phantom Stock, Profit Pool, Performance Units, and Strategic Deferred Compensation
With today’s war for talent, ensuring your pay strategy is competitive is more important than ever. To help, we offer:
Market pay assessment
Compensation gap analysis
a happier, healthier workforce.
Pay Strategy & Design
Designing competitive pay structures that reflect your compensation philosophy and deliver value for both employees and employers is essential. We’ll help you consider and address:
Short- and Long-Term Incentives
Supplemental Executive Benefits
Total Rewards Structure
Employees won’t value a compensation package they don’t understand. We help companies develop a compelling communications strategy that offers clarity, generates excitement, and motivates action. Your plan will include:
Alignment with Broader Benefit & Employee Communications
Total Rewards Statement
Videos, Online Portals, and other Tech Driven Resources
With a clear vision, you can make quick decisions that support business growth and consistently motivate your team.
It's time for a trade.
With an intentional compensation design, you can trade:
inconsistency for clear pay principles that align with critical metrics.
turnover for retention of key talent who promote top-line growth.
an apathetic workforce for a motivated team that takes ownership in results.
confusion for compelling pay-related communication that employees can easily understand and value.
It's an honor to help you offer your best.
Start the conversation.
In an initial complimentary consultation, we'll listen carefully to your goals and gather detailed information about your existing pay plan. If we mutually decide to move forward, we’ll continue the process with a top-to-bottom assessment of your current strategy. Then, we'll present what we uncover along with an action plan that harnesses compensation opportunities.
Finally, we’ll help you implement a competitive pay strategy that attracts and retains top talent and further positions your company as the place for employees to thrive.