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- Are your pay levels competitive with those of other employers in your industry/geographical market?
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- Do you directly contact other employers to determine competitive wages?
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- Do you believe your executives receive a competitive pay package? Does this pay package fall under the definition of reasonable compensation' as described by the IRS?
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- Does your organization use formal criteria for the achievement of bonus / incentive awards?
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- Does your organization recognize performance achievement for long-term results (three to five year period)?
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- Do you have sales incentive plans that provide the greatest rewards to those who contribute the greatest to meeting corporate sales goals?
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- Do you utilize a formal job evaluation system for your employee data?
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- Do you engage individuals to perform services for your organization as independent contractors?
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- Are employees classified as exempt or non-exempt according to the new FLSA definitions enacted in August 2004?
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- Have you measured the effectiveness of your compensation programs?
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