World at Work Total Rewards Conference
Visit us in Booth 526 at the World at Work Total Rewards Conference & Exhibition in Dallas, Texas May 19-21.
Can’t get the cost approved? We’re happy to get you into the Exhibit Hall as our guest for free! Contact us by May 18, 2014 and you are in.
We’ll be exhibiting the latest version of our FocalReview Application Suite modules in Booth 526 this year. Drop by our booth anytime to discuss issues and opportunities on:
- Performance Management
- Compensation Planning
- Executive Compensation Planning
- Employee Communications
Our FocalReview Compensation Planning toolset does just that. It eliminates the need for spreadsheets in the heart of the Compensation Planning process, with our tool being:
- Role based for page access & permissions
- Able to handle any compensation element and frequency
- Highly configurable
Come by and signup for our drawing of a Fitbit Tracker!
Executive Compensation Planning Module
With the recent focus on Executive Compensation by everyone from shareholders to Regulators we reviewed the Bonus/Incentive functionality of our Compensation Planning module. That review resulted in the design and implementation of significantly enhanced and configurable Deferral & Vesting Schedule functionality.
Any number of Bonus/Incentive types can be configured individually and associated to 1 or more employees via Flags in the employee record.
Capital Requirements Directive 4 (CRD4)
A recent change facing some of our European banking clients is the new CRD4 regulation. This applies to companies across the EU and dictates the maximum amount of remuneration certain employees can receive. The full directive is quite detailed but in summary for those employees whose role is regarded as having a material impact on their risk profile – such as risk takers, some senior management etc. – their variable pay to fixed pay ratio must not exceed 1:1. i.e. the total of their bonus`s must not exceed their salary. This can be increased to a maximum of 2:1 with shareholder approval.
We can handle this! Our Focal Review application has validation which instantly warns managers when employee`s variable pay reaches this threshold – enabling them to make the correct adjustments on the fly during their pay rewards cycle.