Business Community Gains Online Access to WorldatWork Executive Rewards
SCOTTSDALE, ARIZ., September 5 /CNW/ - As CEO pay continues unabated as
the most scrutinized area of executive compensation, WorldatWork has created a
new tool that poses 225 questions boards of directors will need to address
before they approve compensation plans. The WorldatWork Executive Rewards
Questionary clearly identifies every essential factor for rewarding executives
Originally designed for its members, WorldatWork has recently made the
tool available to the business community at large - CEOs, boards, compensation
committees, HR practitioners and consultants. Currently available free of
charge, the tool may be accessed on www.worldatwork.org/execcomptool.
The Questionary will help pay panels gearing up for the 2008 proxy season
to 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 compensation committees
want to do it right," said Don Lindner, executive compensation practice leader
for WorldatWork. "Unfortunately, they don't know what they don't know. Knowing
what questions to ask, especially the difficult ones, ensures a well
thought-out compensation design process with fewer surprises."
The WorldatWork Executive Rewards Questionary is essential for planning
or modifying a company's:
-Short- and long-term incentive plans
-Deferred compensation plans
-Severance, change-of-control agreements
Sample questions from the WorldatWork Executive Rewards Questionary:
-- To what degree does the compensation philosophy align with corporate
strategy, corporate culture, organizational resources?
-- Do you have a performance focus or entitlement orientation in your
-- Has your Accounting division reviewed this program design from an
accounting treatment perspective?
-- Does this program require approval by external regulatory bodies?
-- How reliable and accurate is compensation market data for programs of
-- Are there special interest groups that will react to this plan
To access the online tool, visit www.worldatwork.org/execcomptool.
WorldatWork (www.worldatwork.org) is an international association of
human resource professionals and business leaders focused on attracting,
motivating and retaining employees. WorldatWork supports its 30,000 members
and customers in 75 countries with thought leadership, education,
publications, research and certification.
For further information:
For further information: WorldatWork, Scottsdale Marcia Rhodes,
480-348-7285 email@example.com www.worldatwork.org