Services

YOUR PARTNER IN COMPENSATION & BENEFITS CONSULTING

WCBC is a leading compensation and benefits consulting firm serving Canadian and international clients for over 40 years. We offer fully-integrated total compensation services.

Salaries & Incentives

WCBC can help you:

Formulate a compensation strategy
Determine your current market position
Determine total compensation using WCBC’s Total Compensation Valuation System, a proprietary tool which collects and financially values all components of compensation
Design competitive base pay structures
Evaluate your compensation strategy and program effectiveness
Design variable pay plans with appropriate performance measures and plan payout criteria
Determine the type of incentive plan(s) right for you

Group Benefits & Retirement

WCBC can help you:

Formulate a benefits and total rewards strategy
Determine if your current benefits plans are meeting your goals
Design and implement a flexible benefits program
Determine appropriate funding methods
Analyze anniversary renewals, obtain competitive quotes from, and negotiate with, insurance underwriters
Develop a wellness/mental health strategy
Communicate your total rewards through opinion surveys, focus groups, employee handbooks or benefits statements.

Executive & Board of Director Compensation

WCBC can help you:

Formulate an executive compensation strategy
Determine your current market position
Design short-, medium-, and/or long-term variable pay plans that support the organization’s business strategy
Select appropriate performance measures and plan payout criteria
Evaluate your executive compensation strategy and program effectiveness
Compare your board of director governance practices to the market
Analyze your current compensation for both regular board and committee service
Design share equity arrangements and ownership guidelines

Administration & Management

WCBC can help you:

Develop objectives for your compensation programs
Define your compensation philosophy including:
- selecting a peer group
- determining your pay positioning strategy
Conduct a pay equity analysis
Ensure compliance with Pay Transparency legislation and best practices
Develop, implement and evaluate performance management programs
Develop a job worth hierarchy and job evaluation strategy including the following:
- selecting and weighing compensable factors
- developing an implementation strategy
- auditing and revising your program

Why Choose WCBC?

Compensation & Benefits Are Our Business – WCBC confines its practice to assisting organizations determine how much and how to pay their employees. We are not a general HR consulting firm providing broad general advice, nor are we an insurance broker/consultant acting as an agent for insurance companies.
WCBC’s Longevity & Reputation – WCBC has successfully provided compensation consulting services for over 40 years. The Firm has an enviable reputation for quality, lack of staff turnover and practical advice delivered in a cost-effective manner.
Professional Resources – WCBC has the largest total compensation consulting practice in BC. Our professionals all have significant experience in compensation consulting, preceded by formal education and professional designations in accounting, finance, human resources, compensation, actuarial science, employee benefits and management consulting.
Compensation Governance – WCBC has a solid reputation for assisting clients in the development and application of appropriate compensation philosophies/pay policy positions. This has resulted in WCBC being retained to assist several regulators in developing appropriate procedures for governing the employee compensation of the organizations which they regulate through their statutory authority.
Peer Review & Quality – Competent and complete compensation consulting advice can only be provided by a team of professionals – the required expertise does not reside in any one individual. All of our professional work is peer reviewed for quality assurance purposes prior to being released to clients.
Sources of Data – Along with our custom consulting WCBC can provide corroborative data from our proprietary compensation databases.

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CUSTOM CONSULTING vs. PUBLISHED SURVEYS

As outlined above, compensation experts at WCBC will work with you to find solutions customized to your organization. This approach provides the highest level of due diligence. However, if you don’t have the budget or the time, you could also consider our published surveys.

Which approach is right for you?

CONSIDER A CUSTOM APPROACH IF YOUR	CONSIDER PUBLISHED SURVEYS IF YOUR
Positions are unique	Positions are common to other organizations
Business will go through organizational changes/ expansion	Business will remain relatively stable
Industry is changing	Industry is not changing
Interested in data beyond salaries and bonuses such as long-term incentives, perks, paid time off, group insurance or retirement benefits	Interested primarily with salaries and bonuses or prevalence of total rewards plans.
Criteria for compensation comparison is to target your compensation levels to compete with specific companies or a specific industry	Criteria for compensation comparison is not as strict and can be based on location, economic sector or size parameters
Timeframe is longer – custom surveys typically take 8 to 12 weeks to conduct	Timeframe is shorter or immediate
Budget is larger – to get the best solutions to your issues	Budget is limited – surveys cover a large number of positions for a competitive price
In-house knowledge is limited – you need professional advice, recommendations or assistance with implementation	You have the in-house knowledge to apply the data appropriately