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Southco Inc.

Global Compensation Processes March 15, 2007 Donna L. Reilly Director, Global Compensation. Southco Inc. Southco expertise knows no boundaries. 2800 employees in 17 countries Customers in over 36 countries Over 90 Engineering Account Managers Dedicated Customer Engineering

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Southco Inc.

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  1. Global Compensation Processes March 15, 2007 Donna L. Reilly Director, Global Compensation Southco Inc.

  2. Southco expertise knowsnoboundaries • 2800 employees in 17 countries • Customers in over 36 countries • Over 90 Engineering Account Managers • Dedicated Customer Engineering • Authorized Distribution in 23+ countries

  3. Manufacturing/Assembly capacity worldwide • North America • Bridgeport, New Jersey • Concordville, Pennsylvania • Honeoye Falls, New York • Tecate, Mexico Europe • Eskilstuna, Sweden • Farnham, England • Stuttgart, Germany (Engineering) • Worcester, England Asia-Pacific • Fu Yong, China • Korea • Shanghai, China • Shi Yan, China • Taipei, Taiwan

  4. Customer Service Americas Customer and Technical Support Center: Concordville, Pennsylvania European Customer and Technical Support Center: Worcester, UK Asian Customer and Technical Support Center: Hong Kong

  5. Company Vision To Be the Leading and Trusted Global Source of Engineered Access Control Hardware, Services and Solutions.

  6. Global Culture Southco strives to provide a culture that values, recognizes and rewards outstanding performance. The foundation of this culture is based on seven core beliefs. We believe in: • Unquestionable Integrity and Professionalism • The Passion for Creating Value • The Strength of Our Global Community • Inspired Commitment • Openness and Candor • Growth Orientation • Results Orientation

  7. Organization structure worldwide • Matrix organization • Strategic Business Units which are Market focused and aligned for specific industries • Marine • Transportation • Network Telecommunications • Diversified Markets • Regions (Europe and Asia-Pacific) • Functional Experts go across regions • Operations Excellence • Product Management • Finance • Human Resource Development • IT

  8. Human Resource Development ProcessesAcross Regions • Performance Management • Compensation Philosophy & Strategy • Competitive Market Position • Bonus Design and Administration • Salary Administration • Relocation • Other HRD Processes • Training • Continuous Improvement Teams • Employee Satisfaction Survey (Quarterly) Asia-Pacific Europe North America

  9. Human Resource Development ProcessesAcross Regions Performance Management • Assessment Frequency: Annual and Mid-year reviews required…however, we encourage quarterly discussions • Development Goal • Goals • Core Behaviors • Initiative • Results Orientation • Adaptability/Flexibility • Interpersonal Relations/Teamwork • Customer Focus • Self-Development Orientation • Developing Others/Gaining Commitment (Managers & Supervisors) • Future Focus

  10. Human Resource Development ProcessesAcross Regions Our Global Compensation Philosophy is to provide a comprehensive compensation program that allows Southco to……… • Attract • Motivate • Retain • Develop and • Reward employees ………while linking the “pay” portion of the program directly to individual and team/company performance.

  11. Compensation Strategy • Global Compensation Strategy covers established and start-up locations • Customized Compensation Strategy covers those locations added as a result of acquisitions, alliances, partnerships, etc. Human Resource Development ProcessesAcross Regions

  12. Human Resource Development ProcessesAcross Regions “Global” - established and start-up locations

  13. Human Resource Development ProcessesAcross Regions “Customized” - acquisitions, alliances, partnerships, etc. As needed, transition location toward Our Global Market Position based on affordability.

  14. Human Resource Development ProcessesAcross Regions Bonus Plans • Global Design that recognizes country and local differences in paymix • Types of Plans • Broad-Base Bonus Plan • Centralized administration • Annual worksheets created by Corporate Compensation • Sales Incentive Plans • Decentralized administration • UK Performance Plan (Supervisors & Shop Floor) • Decentralized administration

  15. Human Resource Development ProcessesAcross Regions Salary Administration • Global common review date • Salary Fund Budgets differ by country • Centralized creation of worksheets • Administered regionally or locally

  16. Human Resource Development ProcessesAcross Regions Relocation • Domestic* • Short-Term • Domestic • International • Special Business Need • Expatriate • Employee from US working in another country • Employee from Europe or Asia-Pacific Region working in the US or another Region * Permanent Relocation, all others are temporary

  17. Human Resource Development ProcessesAcross Regions Relocation

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