Make Decisions Based on the Latest Data
Attracting and retaining top talent is crucial for any organization's success, and competitive base pay is a key component. Employee satisfaction and engagement heavily rely on a robust pay structure, as it affects their decision to stay or leave an organization more than any other benefit.
It's essential to have access to accurate and timely market data to strike the right balance between paying too little or too much. The Hawaii Employers Council provides local and national wage information with neighbor island demographics available when possible. This information can help enhance or develop compensation programs and structures for your organization.
Compensation is a specialized area, but HEC can help simplify it for you. We can provide a competitive assessment of your jobs against the market and develop salary structures that align with your organization's philosophy and strategy. We can also be a resource to your compensation teams, providing insights, resources, and informal coaching for ongoing compensation skills development. And if you ever need a sounding board for tactical or strategic change initiatives, contact Dawn Mitchell, Manager, Surveys & Compensation Services, at (808) 440-8810.
