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Total Rewards Health Check Up

Total Rewards Health Check Up. Tam Nguyen, Managing Consultant. January 31, 2018. AGENDA. Introduction of panel members Survey of your organization’s TR health Discussion of the company’s “life stage” Top 5 compensation checks & why Top 5 benefits checks & why Q&A. PANEL MEMBERS.

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Total Rewards Health Check Up

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  1. Total Rewards Health Check Up Tam Nguyen, Managing Consultant January 31, 2018

  2. AGENDA Introduction of panel members Survey of your organization’s TR health Discussion of the company’s “life stage” Top 5 compensation checks & why Top 5 benefits checks & why Q&A

  3. PANEL MEMBERS Natalie Questell Director, Global Total Rewards Anthony Scardino Manager, Global Compensation & Benefits

  4. Top 5 Compensation Checks • Assess business achievement against company objectives & goals • Prepare for annual bonus payouts, LTI grants, merit increases • Prepare for discussion with business leaders – analyze ROI on incentive programs. Is it working? Are changes needed? • Ensure data accuracy and integrity • Timing of data collection into spreadsheet or administration tool • Validation of employee records (base salary, employment status, incentive plan type and target percent, location, manager, job code/job title, etc.) • Validate job-related data points • Job descriptions, job matches, FLSA exemption and job classification • Employees classified in correct jobs • Update salary structures/pay ranges

  5. Top 5 Compensation Checks • Collect information for proxy statement (DEF 14A) • Board compensation • Executive compensation • Total rewards and pay philosophy • Align total rewards programs with business objectives and strategy • Redesign or change incentive programs • Communication strategy and communication materials • Prioritize compensation initiatives and projects

  6. Top 5 Benefits Checks • Compliance/Reporting • Post-Enrollment Audit • Check that all participant elections were loaded correctly in benefits administration system and payroll system • Evaluate how well you delivered and look for opportunities to improve • Identify any pain points during the process • Fiduciary/Governance Check • Align total rewards programs with business objectives and strategy • Work with broker/consultant to identify any gaps • Evaluate all vendors and prepare to go to market • Prioritize benefits initiatives and projects 5. Communication Strategy

  7. Q&A Tam Nguyen, CCP, GRP, PHR Tam.Nguyen@NB-BusinessSolutions.com 713-816-8379

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