We are retained by boards to assist in the development of compensation, salary, benefit and incentive programs for leaders, key staff and the entire institution. Our process is detailed below.
The Calfee Financial Process is:
- Specific: We visit your institution and meet with the executive director, president or head, the board and other committees and parties you feel will provide insight. We learn your culture and history. We ask questions—and we listen.
Strategic: We ask about the mission and strategic planning for the institution and how the compensation philosophy and programs can better enable you to achieve your goals.
Open and collaborative: Our services are designed to build a supportive advocacy relationship in which everyone’s interests are represented. We will not enter into an adversarial relationship. The board should understand the reasoning behind the compensation program as the organization leader should understand the board’s expectations.
Methodical: The process of crafting compensation philosophies and packages gains in credibility with careful and judicious vetting of opinions and provision for input from all vested parties. We devote the hours required to develop, with the appropriate board committees, the time line for review of compensation and benefit packages.
Wide-ranging: We conduct a comprehensive study of current compensation and benefit packages for competitive analysis and market comparison based on current needs and projected future requirements. We help you decipher the complexities and possibilities of compensation.