Review Wages: A Turnaround Expert Would Drill Down on Compensation
Differences Between Public & Private Sectors
e In the absence of reliable, generally accepted adjustment factors, USA Inc. needs a comprehensive 3-party review of its compensation practices.
e Most businesses constantly review their compensation practices; these reviews typically intensify when the financials of the core business erode.
e Considerations include compensation for comparable jobs, uniqueness of skill sets and education required for particular roles, productivity, hours worked, regional cost of living, job security, years of service, and financial health of the business unit.
Pau bs www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 337
Focus on Expenses
CB www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 338
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