Cutting-edge innovation is the lifeblood of not-for-profit research institutes, and it requires the right people with the right skills to make it happen.
With the growing influence of for-profit competitors and the size and scope of their operations, the competition for attracting, retaining and engaging qualified talent remains an ongoing challenge in today’s environment.
Requiring a more comprehensive and customized approach to developing total compensation and rewards strategies, not-for-profit research institutes look to SullivanCotter and our decades of experience, proprietary survey data and extensive industry insight to help address emerging market challenges. We work closely with boards and executives to analyze industry best practices and develop strategies to attract and develop top talent – allowing organizations to focus on advancing their research, mission and business objectives.
Our comprehensive services for research institutes include:
Executive Compensation and Governance
- Designing, evaluating and implementing executive total compensation programs
- Selecting appropriate and defensible peer groups for compensation benchmarking
- Determining and documenting reasonableness of compensation programs to help ensure compliance with federal and state regulations
- Developing incoming and outgoing executive compensation and benefits packages
- Issuing reasonableness compensation opinions
Employee Compensation
- Designing competitive cash compensation programs, including salary and incentive programs
- Developing salary administration strategies, including salary structure design and evaluation
- Analyzing programs for external competitiveness and internal equity
Board Compensation and Governance
- Educating board on best practices and regulatory requirements
- Researching and facilitating best practices in board governance