Compensation Insights & Technology

With demographic change and increased competition for talent, attracting, motivating and retaining employees has become essential for corporate success – and one of the biggest challenges facing human resource managers.

Competitive compensation plays a key role. Companies need to understand how they are positioned in their particular market with regards to compensation levels. Benchmarking and best practice studies, and the insights that they deliver, are indispensible tools for decision-makers and experts in the area of compensation management. They rely on efficient, stable technological support.

Best practice in compensation has changed in the wake of the financial crisis. Companies need to rethink their approach to benchmarking, making it more cost-effective and its results more meaningful.

At hkp/// we offer comprehensive market knowledge and extensive specialist expertise. Our studies on the compensation of board members, top executives, middle management and experts reflect the latest statutory and supervisory requirements, which increasingly focus not just on quantitative factors (compensation levels and structures) but also qualitative factors (sustainability of compensation and payment models).

At hkp/// we specialize in benchmarking studies for specific industries. Our studies take into account the particular function structures and general conditions for compensation packages in the industry in question. One area of our focus is compensation for financial services providers (see hkp/// Banking Services). Using our industry-specific consulting skills, we conduct market analyses on behalf of banks, insurance firms, asset managers and other financial service providers, taking into account relevant legislation such as the German Compensation Ordinance for Institutions (InstitutsVergV).

As well as carrying out studies, we regularly organize expert groups to discuss recent findings and current issues. In addition, our website provides access to presentations, analyses and studies specially tailored to different industries and areas of interest.

We use special IT solutions to collect, clean and analyze data and produce reports. Besides specific technology for compensation studies, we offer IT tools for use in typical human resources processes such as job evaluation, salary management, performance management and competence management. Our proprietary software CCT-ProSurvey™ is a comprehensive package of tools for carrying out benchmarking studies on compensation using state-of-the-art technology. Our product CCT-ProFil™ has been helping companies with job evaluation for the last 20 years and is used for both compensation benchmarking and specific grading models.

CCT products and services form part of the hkp/// Group (see CCT website). The coming together of CCT and hkp/// has quickly established us as a market leader.