As businesses grow and expand, their compensation practices and philosophies must change to help achieve the maximum effectiveness for every salary and benefit dollar invested. Instituting or updating a compensation program can be an overwhelming project to many companies. Frequently small and closely-held businesses find their compensation decision makers too close to the people involved to make objective decisions. Also, compensation specialist skills and data are not typically available inside the management ranks of companies with fewer than 1,000 employees.

Our principal, Diane Lustenader, SPHR, CCP is a certified compensation professional with corporate and consulting experience in domestic and international compensation for closely-held and privately-held companies.

The general areas of compensation service that Lake Associates, Inc. provides for clients are:

• Individual one-on-one services from an experienced and certified human resource professional. We will meet with your company representatives to decide together your company’s compensation philosophy, pay objectives and the project components you need short-term and long-term.
• Review of your existing compensation practices and related laws in each state in which you operate.
• We conduct custom salary and benefit surveys specific to other businesses and industries which meet your profile and geographic area. We also have relationships with a network of service providers who do benefit audits and provide benefit products.
• LAI professionals can prepare internal communications materials for owners, executives or your total population. We frequently prepare and/or deliver management training for the launch of new compensation programs.

Please click here for a comprehensive outline of compensation services that LAI can provide for your company.

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