Every industry has its own nuances. We take that into consideration and approach business solutions with the specific lens required of your field. Our teams are comprised of talent with relevant experience and we’re prepared to meet every challenge.
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Every industry has its own nuances. We take that into consideration and approach business solutions with the specific lens required of your field. Our teams are comprised of talent with relevant experience and we’re prepared to meet every challenge.
What a growth mindset in construction can do: Building future leaders and stronger companies
Learn how a growth mindset helps construction companies develop future leaders, strengthen culture, improve retention, and increase long-term business value.
How a healthcare organization scaled IT leadership through Office of the CIO services
Lorem ipsum dolor set
AI Strategy Starts with People (Part 1)
Lorem ipsum dolor set
Elliott Davis Accelerates Growth with Leadership Promotions and Strategic Talent Expansion
Lorem ipsum dolor set
SEC semiannual reporting proposal: What financial institution leaders need to know
Lorem ipsum dolor set
Most companies don't need a better budget. They need a planning system
How a healthcare organization scaled IT leadership through Office of the CIO services
Learn how a healthcare organization strengthened IT governance, cybersecurity, and strategic planning through Office of the CIO services without hiring a full-time CIO.
AI Strategy Starts with People (Part 1)
AI is moving faster than most organizations can keep up, and that uncertainty can create excitement, fear, and resistance.
Elliott Davis Accelerates Growth with Leadership Promotions and Strategic Talent Expansion
Elliott Davis, a top 50 U.S. accounting and advisory firm, is continuing its momentum with a series of leadership promotions and strategic talent investments that reflect the firm’s ongoing evolution and its commitment to meeting customer needs.
SEC semiannual reporting proposal: What financial institution leaders need to know
Learn how the SEC's proposed semiannual reporting framework could affect bank reporting calendars, investor expectations, governance, controls, and compliance.
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Understanding the importance of SOC for blockchain: A comprehensive guide
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The impact of AI on business: A sector-by-sector guide – Article 4
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Helping a private school benchmark compensation for its staff
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Elliott Davis was asked: “Can you help us confirm our staff compensation is reflective of market standards?”
Context
Leading private boarding and day school
In 2019, implemented a Broadband Compensation System for school faculty to encourage and reward contributions
Following that effort for faculty, leadership wanted to address staff compensation and specifically make sure staff were adequately rewarded for their own contributions to the organization
Approach
Analyzed approximately 90 staff job descriptions to understand specific roles and responsibilities
Gathered market compensation data, including salary and incentive amounts for different percentiles, from the Economic Research Institute (ERI) based on years of experience and organization size and location
Compared current compensation amounts to market data and recommended potential adjustments based on analysis
Customer Impact
Reduced overall guesswork of compensation management
Improved ability to attract qualified candidates and compete with other schools for top talent
Employees are now appropriately rewarded, and responsibilities and priorities align with school mission, vision and values
Continuing staff compensation efforts by developing a performance-management based system that rewards staff members for the achievement of defined key performance indicators (KPIs)
We Can Help
For more information on how Elliott Davis can assist you and your business, contact a member of our team below.
The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.
contact our team
contact our team
contact our team.
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