Our Compensation Consulting 

A compensation program that supports high performance is critical to an organization’s success. A well-designed compensation system can help a company recruit and retain outstanding employees, create enthusiasm and increase the will to succeed in its employees, and help companies improve.

To be successful, however, a compensation system must be developed based on an understanding of an organization’s mission, goals, and values. The competitive labor market affecting the organization- whether local, regional or national- must also be understood. Bringing all of that information together is both a science and an art, and communicating well about compensation to employees can be one of the most difficult tasks a company faces. We at Gallagher, Flynn & Company help companies in all of these areas. 

We bring to our clients a unique set of resources for our compensation work. These include: 

Ø     Salary information specific to Vermont and Northern New England for a wide range of industries, often collected through trade associations. This gives us current information on salaries that is unavailable anywhere else.

Ø     The Vermont Salary Survey and the New Hampshire Salary Survey, are proprietary surveys created and managed by Gallagher, Flynn & Company. (Visit the surveys at www.vtsalarysurvey.com and www.nhsalarysurvey.com.) These unique, on-line surveys currently provide information on the competitive ranges of over 150 non-executive positions and 17 executive positions. We believe these surveys have the most thorough and current data on these positions.

Ø     Our ability to conduct specialized surveys for a client;

Ø     Our access to current salary data from a wide range of sources;  

Ø     Our ongoing recruiting efforts, which keep us in constant touch with labor market trends.

Ø     Our ability to provide important information about the tax implications of executive compensation because we are part of Gallagher, Flynn & Company, Vermont’s largest independent CPA and business consulting firm. 

The result is unsurpassed knowledge of competitive pay level trends in the markets most important to your organization. To help our clients and our friends throughout the region, Frank Sadowski, the lead partner in our Human Resource Consulting Division, speaks annually to many different groups on compensation trends.  

Examples of our Compensation Services

Our compensation consulting has included many different types of projects, including: 

Ø     Creating comprehensive compensation programs for companies;

Ø     Designing executive compensation plans;

Ø     Determining local and national market ranges for hundreds of positions;

Ø     Developing or redesigning salary grade levels to ensure both market competitiveness and internal equity for all of a company’s positions;

Ø     Designing incentive, gainsharing, and profit sharing plans;

Ø     Reviewing and designing benefit programs to ensure competitiveness and cost-effectiveness.

Ø     Reviewing executive compensation plans to help companyies comply with Sarbanes-Oxley requirements.

Ø     Providing background analyses of potential proposals to assist company planning or help companies prepare for union negotiations.

 The Uniqueness of Our Compensation Resources

We have resources for compensation consulting that typically will not be available in local companies. These include: 

Ø     Frank Sadowski, the partner who manages our Human Resource Consulting Division, whose experience consulting in Vermont over the last 15 years has allowed him to collect compensation data that is unsurpassed in the area.

Ø     A library of national salary surveys and access to a network of compensation consultants across the country.

Ø    Specialists in ESOP plan designs.

Ø    Accounting experts who can advise executives about the tax implications of executing options and structuring deferred compensation programs.