Compensation Design & Pay Structure Advisory
Is your business struggling with payroll and compensation management? Don’t let HR costs hinder your growth! W&A’s payroll consulting service helps businesses build an effective, transparent, and legally compliant compensation system that attracts and retains top talent. Discover the optimal solution for managing your HR costs today!
Benefits of an Effective Compensation System
A well-designed compensation system not only reduces costs but also enhances productivity and employee engagement. According to research:
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Employees are more loyal when paid fairly.
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Job seekers prioritize companies that are transparent about their compensation policies.
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Talent attraction: A competitive compensation system can increase productivity by 20% and enhance your company’s reputation.
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Sustainable growth: An effective payroll system stabilizes your workforce and supports long-term development.
With W&A’s payroll consulting services, you’ll gain these benefits while ensuring full compliance with tax and insurance regulations.
W&A’s Comprehensive Payroll Consulting Roadmap
Step 1: Evaluate Current Status and Business Needs
Objective: Gain a deep understanding of your current payroll system, HR costs, and legal issues.
Activities:
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Collect information on the existing salary structure, payment process, and HR policies.
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Consult with leadership and HR teams to determine specific goals (e.g., cost reduction, increased transparency, talent attraction).
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Analyze data related to employee productivity, payroll costs, and compliance with regulations (Accounting Law, Tax Law, compulsory insurance).
Outcome: An initial assessment report highlighting strengths, weaknesses, and opportunities for improvement.
Step 2: Market Research and Competitive Salary Structure Design
Objective: Develop a compensation system aligned with market benchmarks, your budget, and employee capabilities.
Activities:
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Research industry salary averages based on standards in your business sector.
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Propose a flexible salary structure (traditional model or 3P: Pay for Position, Pay for Person, Pay for Performance), including fixed salary and variable components like bonuses and benefits that adapt to business performance.
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Ensure competitive salary levels (above market average) to attract and retain talent—key to maintaining workforce stability, enhancing branding, and attracting investment.
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Avoid common mistakes like setting salaries too high/low, ignoring performance, or lacking transparency in policy communication.
Outcome: A draft of a competitive, transparent, and fair compensation system tailored to your business.
Step 3: Technology Integration and Real-Time Reporting System
Objective: Equip your business with modern tools for fast and efficient compensation management.
Activities:
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Implement a real-time salary dashboard showing:
- Employee performance.
- Market compensation trends.
- HR budget allocation.
- Compliance with legal regulations (personal income tax, social insurance).
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Use automation to simplify salary calculations, minimize errors, and save time.
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Train HR staff to use the dashboard effectively.
Outcome: A real-time payroll reporting system that helps control costs and ensures legal compliance with transparency.
Step 4: Legal Compliance and Risk Mitigation
Objective: Ensure your compensation system complies with legal regulations and reduces legal risks.
Activities:
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Accurately calculate and audit personal income tax, social insurance, and other legal obligations under Accounting Law, Tax Law, and mandatory insurance rules.
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Guide the latest legal updates (e.g., Decrees 49/2025 and 70/2025, as referenced by W&A Consulting sources).
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Support the creation of a non-discriminatory, fair compensation process for all employee groups.
Outcome: A legally compliant payroll system that minimizes legal risk and enhances trust in your organization.
Step 5: Implementation and Long-Term Support
Objective: Launch the compensation system and provide long-term support.
Activities:
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W&A’s team of experienced consultants will be on-site to help implement the compensation system—from policy development and employment contract management to cost optimization.
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Support salary system adjustments during different business growth stages.
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Provide ongoing consulting on compensation policy changes or legal updates, ensuring your business remains agile and compliant.
Outcome: A successfully implemented and smoothly operating compensation system, adaptable to your company’s evolving needs.
Step 6: Continuous Evaluation and Improvement
Objective: Keep your compensation system competitive and aligned with the market.
Activities:
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Periodically review and adjust salary levels based on updated market research and employee performance.
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Collect feedback from employees and leaders to enhance the system.
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Update the real-time dashboard with new features to ensure modern management tools are always available.
Outcome: A continuously optimized compensation system that maintains your competitive edge and boosts employee satisfaction.
Why Choose W&A?
W&A is your trusted partner in payroll consulting and HR cost optimization. Here's why we stand out:
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Top Experts: Our team brings hands-on experience and practical HR solutions to help you build an effective and cost-efficient payroll system.
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Practical Solutions: We don’t just advise—we implement. We ensure your compensation system is fair, transparent, and designed to improve productivity and retain talent.
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Flexible Options: W&A offers a range of consulting packages—from short-term to long-term—suitable for businesses of all sizes.
Start optimizing your HR costs today!
Let W&A Consulting help you build an effective, transparent, and competitive compensation system! Contact us now for detailed consultation and the best-fit solution for your business.
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