The VisionLink Advisory Group has recently expanded its ability to effectively help companies engineer salary grades, perform market pay studies and build a total compensation structure through its recent formation of a Competitive Salary Services Department, announced Tom Miller, CEO. The pay design firm headquartered in Irvine, CA, also hired Joe Miller, formerly of Fifth Third Bank in Cincinnati, Ohio to lead the department.
“We have always had the capability to assist clients with basic salary grade work and market pay studies,” Miller explained. “But now we are pouring more resources into this part of our offering because there’s growing demand for an expanded service.”
The VisionLink leader explained that the new department will enable his firm to help organizations build a more comprehensive rewards structure, facilitating their ability to fit all pay plans into a cohesive scheme. Such a framework will allow a business to pinpoint the role any compensation program is playing and how it interacts with other parts of the broader pay strategy.
“Most organizations approach compensation in a kind of ‘siloed’ fashion, which is very ineffective,” Miller explained. “For example, a company will build a bonus plan without regard to salary grades, or vice versa. Or, it will approach the development of other specific pay programs such a long-term incentive plan without an overall pay philosophy in place. Having a total compensation structure forces a company to look at its pay plans from a comprehensive and strategic perspective.”
With over 11 years of compensation experience in three different organizations, Joe Miller comes to VisionLink with deep skills in the area of compensation development and design. That experience allows him to add a unique perspective to the work he’ll do for VisionLink clients. The new department head was with Fifth Third Bank as a compensation consultant from July 2011 until joining VisionLink last month. In that role, he had responsibility for salary administration, job grading, market pricing, and incentive design. Prior to that position, Joe worked at Experian North America and Pioneer Electronics where he was engaged in the design and administration of both domestic and international pay programs.
“I look forward to bringing my ‘real-life’ corporate experience to the work I do with VisionLink clients,” the compensation specialist offered. “VisionLink has done unusually good work in the development of robust compensation strategies for businesses. I think my skills and insight will complement those capabilities and allow us to do even better work for the businesses we serve.” Findo out more information at VisionLink's website http://www.vladvisors.com