WorldatWork Publishes Practitioner's Guide to Executive Rewards Communications
Jan. 6, 2010 – Washington, D.C. – As public and media scrutiny of CEO pay continues unabated, organizations may be focusing on external communications to manage public perception when they should be equally focused, if not more so, on internal communications. WorldatWork, a global human resources association, has released a new tool to ensure successful internal communications dealing with executive pay. “The Practitioner's Guide to Executive Rewards Communications” is an interactive tool designed to assist executive rewards practitioners, or anyone who has to discuss pay with executives, in preparing for and conducting such complex discussions. The tool helps users organize their talking points based on various pay elements, including: base pay, annual incentives, long-term incentives, nonqualified plans, perquisites and proxy data.
The tool also guides users on the different aspects of rewards that must be considered when preparing to communicate with executives regarding their pay:
What to Communicate
Historical Aspects
Technical Aspects
Soft and/or Motivational Aspects
Timing Considerations
Other Considerations
“When there is a lack of understanding, perplexing behaviors occur, such as when executives exercise stock options in a way that indicates they don’t understand the reward,” said Don Lindner, CCP, senior practice leader at WorldatWork. “The new executive compensation communications tool helps to ensure that leaders understand how the various elements of their pay programs work together, thereby preventing unintended consequences leading to dissatisfaction, underutilization or loss of key talent.”
“The Practitioner's Guide to Executive Rewards Communications” was created by an all-volunteer board of advisors for WorldatWork:
Ann Hatcher, CCP
VP Executive & Workforce Development
HCA Inc.
Randy Keuch
Vice President Total Rewards
H. J. Heinz Co.
Brit Wittman, CCP
Director Executive Compensation
Intel
Kevin F. Hallock Ph.D.
Professor Labor Economics & HR Studies
Cornell University
Haroon Saeed
Vice President Corporate Compensation
Prudential Financial Inc.
Terry Pasteris, CCP
Consultant
TLMP Consulting Group
David Hofrichter
Lead Consultant
Hewitt Associates
Laura A. Flavin, CCP
Vice President, Global Compensation
Colgate Palmolive Co.
Joan F. Bakarich, CBP, CCP, GRP
Director Global Compensation
General Motors Corp.
Mike Halloran
Worldwide Partner
Mercer HR Consulting
Steve Hinden
Vice President Executive Compensation
American Express
About WorldatWork®:
The Total Rewards Association
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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