WorldatWork Creates Tool to Guide Executive Compensation Practitioners As CEO pay continues unabated as the most scrutinized area of Total Rewards, WorldatWork, the total rewards association, has created a new tool to help compensation practitioners reliably identify and consider every essential factor for rewarding executives and directors. Called the WorldatWork Executive Rewards Questionary, the tool guides compensation plan designers through thoughtful consideration of the myriad of issues which need to be addressed when designing or modifying an executive rewards plan.
Originally designed for its members, WorldatWork has recently decided to make it available to the business community at large. The tool is available free of charge by visiting www.worldatwork.org/execcomptool.
The WorldatWork Executive Rewards Questionary will help HR practitioners, consultants, compensation committees and boards deliberate decisions and criteria in specific areas of executive compensation design, such as internal and external environments, stakeholders, disclosure and transparency. "I truly believe that many of the problems we are seeing related to executive pay could have been alleviated with good design," said Don Lindner, executive compensation practice leader for WorldatWork. "Using the Questionary will help improve the design process, raise design quality and increase opportunity for a successful implementation."
The WorldatWork Executive Rewards Questionary is essential for planning or modifying a company's:
WorldatWork (www.worldatwork.org) is a global human resources association focused on compensation, benefits, work-life and integrated total rewards to attract, motivate and retain a talented workforce. Founded in 1955, WorldatWork provides a network of more than 30,000 members in 100 countries with training, certification, research, conferences and community. It has offices in Scottsdale, Arizona and Washington, D.C.
The WorldatWork group of registered marks includes: WorldatWork®, WorldatWork Society of Certified Professionals®, Alliance for Work-Life Progress® or AWLP®, Certified Compensation Professional® or CCP®, Certified Benefits Professional® or CBP, Global Remuneration Professional or GRP®, Work-Life Certified Professional™ or WLCP®, Certified Sales Compensation Professional™ or CSCP™, Certified Executive Compensation Professional or CECP™, workspan®, and WorldatWork ®Journal, and Compensation Conundrum®.
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