DCI Consulting Group, Inc. is thrilled to announce the formation of a new compensation consulting practice. This expansion further strengthens DCI’s position as a leader in human capital and HR risk management solutions, offering a comprehensive suite of services designed to meet the evolving needs of employers in 2024.
The Need for Compensation Consulting
Recent legislative developments have seen the introduction of numerous pay transparency laws, with many more being considered at state and local levels. These laws require employers to disclose salary ranges in job advertisements, compelling organizations to update or formalize their compensation structures. Additionally, to attract and retain top talent, employers are focusing on ensuring their wages are competitive and that they offer clear career advancement paths.
DCI’s Expertise in Compensation Consulting
With over twenty years of experience in pay equity and job analysis, DCI Consulting Group is uniquely positioned to provide robust compensation consulting and analytics services. The new practice will offer:
- Job Architecture Development: Designing structured frameworks for job roles and career progression.
- Creation of Pay Bands: Establishing salary ranges that are competitive and compliant with new transparency regulations.
- Market Comparisons: Analyzing compensation data against industry benchmarks to ensure competitive pay structures.
David Cohen’s Statement
David Cohen, President and Founder of DCI Consulting Group, shared his enthusiasm for this new venture. “This is a significant milestone in our desire to be a premier, full-service firm,” said Cohen. “Since our inception, we have been at the forefront of internal pay equity consulting. Now, we are poised to comprehensively assist employers with their full-cycle compensation practices every step of the way.”
Complementary Services
In addition to the new compensation consulting practice, DCI continues to offer a range of services including:
- Pay Compression Studies
- Selection Procedure Validation
- Bias Audits
- Litigation Support
- Affirmative Action and Equal Employment Opportunity Compliance
- Diversity, Equity, and Inclusion Consulting
These services will now be enhanced by the new compensation consulting practice, providing a more holistic approach to HR risk management and human capital solutions.
DCI Consulting Group’s new compensation consulting practice marks an exciting expansion of their service offerings, aiming to support organizations in navigating pay transparency requirements, developing competitive compensation strategies, and defining clear career paths for employees. This development underscores DCI’s commitment to being a leading provider of comprehensive HR solutions.
