Zeynep Rena Somersan

About Zeynep Rena Somersan

I specialize in creating pay programs that engage employees and help attract and retain top talent. By identifying compensation-related obstacles, I bring order to chaos and find the best ways to compensate employees.Our data-driven approach ensures internal and external equity, controls compensation costs, drives performance through pay linkages, and provides a clear understanding of compensation for your workforce. After working with us, your company will be better equipped to manage pay effectively.With decades of consulting experience, our team at Newport, An Ascensus Company is nationally recognized for our expertise. I frequently speak at industry conferences, am on the Vistage circuit speaking to CEO and Key Leader groups, and contribute to national publications. As a high-touch consulting team, we work closely with your project leaders to ensure a thorough understanding of our best-practice pay processes. In addition to compensation services, our company excels in retirement plan design and administration, nonqualified deferred compensation plans, and BOLI and COLI insurance.Confidence in compensation leads to a more focused and productive workforce. I ensure your company has a pay program that makes employees feel comfortable with their wages and enables leaders and HR to speak confidently about pay systems.If you need assistance setting up or improving your compensation programs to attract, motivate, and retain your workforce and executives, contact me today!Areas of expertise:Workforce Base PayMarketplace Compensation Data AnalysisExecutive CompensationPerformance ManagementBonus PayIncentive and Rewards ProgramsCompensation Advice

Experience

1. Managing Principal, Compensation Consulting at Newport, an Ascensus Company

   Ascensus

   Aug 2011 — Present · Milwaukee, WI, US

   As the leader of the Compensation Consulting team at Newport, An Ascensus Company, I specialize in helping company leaders design and implement effective compensation systems that attract, motivate, and retain top talent. Our data-driven approach ensures that your compensation strategies are aligned with market standards, fostering a sense of fairness and motivation within your organization.With decades of consulting experience, our high-touch team works closely with your project leaders to thoroughly understand the intricacies of compensation. We leverage a comprehensive collection of published survey data to analyze and evaluate your company\'s market position. Based on this analysis, we design and customize salary administration tools that integrate performance information, forecast salary increases, and accommodate budgetary constraints.Our process includes detailed explanations, formulas, salary administration guidelines, and training for your leaders, HR and compensation teams. This empowers them to maintain a competitive compensation program and confidently communicate pay structures to managers and employees.If you\'re seeking a compensation system that will help you attract, motivate, and retain your workforce and executives, contact me at (41••••••89 or R••••••••@newportgroup.com today!

Education

• Koç University

  MBA, Business Administration

  1998 — 1999

• University of Wisconsin-Madison

  Bachelor of Science (B.S.), Economics

  1986 — 1990

Skills

• Human Resources
• Compensation Plans
• Compensation Consulting
• HR Strategy
• Job Evaluation
• Leadership
• Management Consulting
• Performance Management
• Management
• Executive Compensation
• Executive Pay
• Strategy
• Compensation & Benefit
• Workforce Pay
• Compensation Planning
• Training
• Recruiting
• Practice Management
• Employee Benefits
• Incentive Compensation
• Executive Coaching
• Deferred Compensation
• Compensation
• Leadership Development
• HR Consulting
• Personnel Management
• Compensation Administration