Learn how total compensation statements can help you communicate the true value of your company’s compensation and benefits packages to employees.
Many human resources and compensation professionals design compensation plans and struggle with communicating the total rewards clearly and concisely across all levels of an organization. This presentation will help professionals understand the importance of total compensation statements as well as how to communicate them throughout an organization. Additionally, professionals will gain insight into market trends and prevalence, and different options in both the design and communication of total rewards programs.
Learning Objectives
- You will be able to describe a total rewards statement or tally sheet.
- You will be able to discuss different options when designing a total rewards program.
- You will be able to explain the difference between direct compensation, benefits, and perks.
- You will be able to recognize different total rewards communication techniques in the marketplace.
Agenda
Introduction and Total Rewards Overview
- Direct Compensation
- Traditional Benefits
- Non-Monetary Benefits
Compensation Considerations
- Direct Compensation Considerations (Pay Mix etc.)
- Communication of Total Rewards
- Total Rewards Statement/Tally Sheets
Low-Cost Solutions
- Benefit Overview
- Intangible Benefits
- Training / Performance Development and Fringe Benefits
High-Cost Solutions
- Monetary Benefits and Importance of Education
- Health / Welfare and 401K
- Prevalence and Data
Conclusion
- Total Rewards Important in the Marketplace
- Trends and Future Outlook
Speakers
Corey Davidson,
Alvarez & Marsal- Senior Associate at Alvarez & Marsal
- Practice emphasizes the review, design, benchmarking, and implementation of both non-equity and equity-based compensation programs, including market analyses to align compensation with a company’s business strategies, and evaluating the tax and accounting ramifications of compensation
- Author of How Serial Acquirers Reward and Incentive Corporate Development Teams
- Certified Executive Compensation Professional through WorldatWork organization
- B.S. degree in Economics, University of Maryland
Ryan Wells,
Alvarez & Marsal- Senior director in the compensation and benefits practice at Alvarez & Marsal Taxand
- Practice emphasizes all aspects of executive compensation and employee benefits
- Helps companies tackle how to effectively and efficiently pay, incentivize, and retain their employees
- Works with companies to design and benchmark annual bonus and long-term incentive compensation programs, all while considering the applicable tax, accounting, and other regulatory ramifications
- Focuses on mergers and acquisitions (including golden parachute rules and due diligence of compensation arrangements), initial public offerings, and bankruptcy compensation
- Author and key contributor to several publications related to executive compensation
- Certified Public Accountant (CPA) licensed in Texas
- M.A. degree in professional accounting, The University of Texas at Austin; B.B.A. in accounting, The University of Texas at Austin
Who Should Attend
This live webinar is designed for human resource managers, benefits professionals, payroll administrators, business owners and managers, and personnel managers.
