9y
Thank you for your time and the valuable feedback.
In direct response to your review I’d like to share that in July of 2015, with the help of a third party compensation consultant (which, for clarity, is not the same person that you met with for the focus group and to whom - with my encouragement - voiced your concerns about compensation ), we market-priced 14 jobs held by a total of 514 of Access’ US Team members in 6 of our regions and within 38 discrete labor markets we studied our compensation program and how we stack up to our competitors in the market place.
The intent of the project was to first understand where our compensation levels actually stand vis-a- vis market, and then to build a rational, scalable pay structure that accurately reflected geographic differences in pay, and allows us to attract, retain and motivate the talent in our branches.
We found that we are generally very competitive and, in some locations, we have stronger compensation packages than our competitors, but there were also markets we discovered our compensation packages weren't competitive, and in those markets we made adjustments. Regardless, we do realize that we have room for improvement and are analyzing continued improvements to our compensation package continuously and as we continue to grow as a company we will continually look at our compensation as a whole. There will be more positive movement in our compensation offerings in 2016.
We also know that we have to provide a competitive compensation package to stay at the front of the market place as well as finding & retaining talent. We currently use our employee review periods to evaluate performance and compensation as well as many other areas that effect employee performance and reward. It remains our goal to be an employer of choice and we can't do so without competitive compensation for quality team members.
Thank you again for your review and please feel free to contact me directly at ralston@accesscorp.com to discuss my response here.
Thanks,
Rob