- the impact of investing in leadership training
by Lauren Albee, Titan Intern
I recently chatted with Debbie Allan, Human Resources Director at Virginia College Savings Plan, an independent state agency, to talk about their compensation analysis needs. Allan leads the overall talent management efforts at Virginia College Savings Plan, focusing on staff development, performance, hiring, and employee training.
Virginia College Savings Plan offers Virginia citizens the opportunity to invest in their children's futures by planning ahead for a college education. They entered a relationship with Titan to perform an agency-wide analysis of their compensation practices, which included FLSA analysis, market-rate compensation analysis and a recommendation for supporting policies and procedures. "At the time we did not yet have an HR department or a formal compensation plan with defined pay practices, so the knowledge and experience that the Titan team brought was invaluable," said Allan. "Titan helped with an overall review of compensation, and created a comparative market so that we can compete with private companies."
Virginia College Savings Plan needed a comprehensive compensation plan and did not have the in-house expertise. Titan developed what is now the foundation of their compensation plan, including the data needed to make consistent compensation decisions. Furthermore, Virginia College Savings Plan relies on the Titan Group on an ongoing basis to perform compensation analysis for new or changed positions. This ensures that they are using consistent and reliable data when making compensation decisions.
More to the point, Allan stated, "The Titan Group is a great partner for us. We are a small agency, and Titan has helped us augment our staff so that we don't have to hire more people. They have definitely enabled us to meet our needs as an agency."