Bus 310: Strategic Compensation Case Study

Total Rewards Snapshot

• Compensation Strategy: meet the market

• Base Pay System: combination of job evaluation and market pricing
• Performance Pay: commission paid to sales roles only
• Indirect Pay: health benefits plan and paid time off

Salary Ranges

Job Title Salary Range Last Reviewed date

Company Operations
IT Administrator 52,000 - 63,000 August 2023
HR Advisor 54,505 - 68,140 September 2023
Financial Operations Manager 67,000 - 90,000 August 2023
Director of Corporate Operations TBD
Co - op positions (HR, Finance, &
1st or 2nd year= $20 - 22/hour
Marketing Assistants, Security Analyst, April 2021
3rd or 4th year= $23 - 24/hour
and Software Developer)
Client Services
QA & Application Support 54,800 - 68,500 December 2023
Client Services Coordinator 58,360 - 72,950 October 2023
Manager, Client Services 68,000 - 85,000 August 2021
Marketing
Marketing Manager 60,000 - 75,000 August 2023
Sales
Account Manager 60,000 - 80,000 August 2022
VP of Sales TBD
Risk and Compliance
AML/KYC Specialist 56,000 - 70,000 October 2023
Director, Risk & Compliance 123,720 - 154,650 December 2023
Security
Security Engineer/Developer 76,320 - 95,400 April 2022
Senior Security Engineer/Developer 89,040 - 111,300 November 2023
Manager, Information Security 94,400 - 118,000 September 2023
Software Development
Software Developer 64,487 - 99,210 November 2023
Android Developer 80,000 - 100,000 September 2022
Intermediate Software Developer 80,000 - 100,000 March 2022
Senior Software Developer 102,720 - 128,400 October 2023
Team Lead, Software Development 100,000 - 125,000 October 2023
Indirect Pay:

1. Health Benefits Plan: premiums are 50% company paid and 50% employee paid. The plan includes:
• Income security coverage (life insurance, short- and long-term disability coverage, and
accidental death and dismemberment coverage)
• Dental coverage:
 80% coverage for preventative dental work
 50% for major restorative dental work
 Accidental Dental-Unlimited
• Prescriptions:
 Prescription card
 80% of lowest cost alternative
• Health care practitioner coverage of $500/year per practitioner for registered massage therapy,
physiotherapy, naturopathic doctors, etc.,
• Vision care
 $300 per 2 calendar years for corrective lenses
 1 eye exam per 2 calendar years
• Ambulance trips and hospital stays
• Medical services and supplies, e.g., orthotics ($400 per 3 calendar years), hearing aids ($500 per
5 calendar years)
• Out-of-country emergency medical coverage
• Employee and family assistance

2. Paid time off

• Vacation: all employees start with 15 days of annual vacation; increases to 20 days of vacation
after 5 years of service
• Health and Wellness time: all permanent employees receive 8 days of health and wellness time
which can be used for any activities that support good mental and physical health, including the
following examples:

Proactive Health and Wellness Health and Wellness

• Health-related appointments for the employee or a • Recovering from a casual illness.
family member, e.g., annual physical exam, vision • Caring for a family member who is ill.
and hearing tests, dental check-ups • Attending the funeral of an important person in
• Elder care, e.g., helping a family member move your life, e.g., the parent of a long-time friend.
into assisted living • Self-care, e.g., catching up on rest after an
• Pet care unusually busy time at work.
• Moving
• Special events, e.g., citizenship oaths, competing in
a marathon, Pride Parade
• Cultural, religious, and spiritual events, e.g., Lunar
New Year, a Potlatch, Diwali