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<br />12 | 2025 Arthur J. Gallagher & Co <br />PHASE 2: COMPENSATION, BENCHMARKING & MARKET ANALYSIS <br />• Published Survey Data Collection (Weeks 9-11, concurrent with custom survey) <br />− Extraction of relevant data from published sources <br />− Normalization of data across sources <br />− Application of geographic differentials <br />− Implementation of aging factors <br />− Compilation of comprehensive market dataset <br />− Quality assurance review <br /> <br />• Advanced Data Analytics (Weeks 11-14) <br />− Integration of custom and published data sources <br />− Statistical validation of integrated dataset <br />− Outlier identification and handling <br />− Application of regression analysis for market line determination <br />− Competitive positioning analysis <br />− Internal equity assessment <br />− Pay compression diagnosis <br /> <br />• Compensation Structure Engineering (Weeks 14-16) <br />− Development of pay structure alternatives (typically 2-3 options) <br />− Range modeling with various spread and overlap scenarios <br />− Alignment of structure with classification architecture <br />− Testing of structure against current positions <br />− Financial impact modeling of alternatives <br />− Structure refinement based on testing results <br />− Finalization of recommended structure <br /> <br /> <br />PHASE 3: IMPLEMENTATION STRATEGY, FINAL REPORTS, & SUSTAINABILITY PLANNING <br />Our approach ensures successful implementation and long-term program sustainability: <br /> <br />• Financial Impact Analysis (Weeks 16-18) <br />− Individual employee placement modeling <br />− Aggregate financial impact calculation <br />− Development of implementation scenarios (typically 3) <br /> <br />• Implementation Strategy Development (Weeks 18-19) <br />− Creation of phased implementation timeline <br />− Development of exception handling protocols <br />− Red-circle/green-circle treatment policies <br />− Communication planning for rollout <br /> <br />• Policy and Procedure Development (Weeks 18-19) <br />− Comprehensive compensation policy documentation <br />− Administrative procedure development <br />− Authority matrix creation <br />− Process flow documentation <br />− Recommendation for governance structure <br />− Ongoing maintenance protocols <br /> <br />• Toolkit Creation and Knowledge Transfer (Weeks 18-20) <br />− Development of position evaluation tools <br />− Creation of manager decision-support resources