Using the Issues Identifier will help improve the design process, raise design quality and increase opportunity for a successful implementation.
Scottsdale, AZ (PRWEB) April 11, 2007
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 Compensation Issues Identifier, 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 http://www.worldatwork.org/execcomptool.
The WorldatWork Executive Compensation Issues Identifier 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 Issues Identifier will help improve the design process, raise design quality and increase opportunity for a successful implementation."
The WorldatWork Executive Compensation Issues Identifier is essential for planning or modifying a company's:
-Short- and long-term incentive plans
-Deferred compensation plans
-Severance, change-of-control agreements
To access the online tool, visit http://www.worldatwork.org/execcomptool.
The Total Rewards Association
WorldatWork (http://www.worldatwork.org) is an international association of human resources professionals focused on attracting, motivating and retaining employees. Founded in 1955, WorldatWork provides practitioners with knowledge leadership to effectively implement total rewards -- compensation, benefits, work-life, performance and recognition, development and career opportunities -- by connecting employee engagement to business performance. WorldatWork supports its 30,000 members and customers in 30 countries with thought leadership, education, publications, research and certification.
The WorldatWork group of registered marks includes: WorldatWorkÂ®, workspan®, Certified Compensation Professional or CCPÂ®, Certified Benefits Professional® or CBP, Global Remuneration Professional or GRP®, Work-Life Certified Professional or WLCPTM, WorldatWork Society of Certified Professionals®, and Alliance for Work-Life ProgressÂ® or AWLP®.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.
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