Subscribe Now!
Free Daily News, Jobs, Webcasts, Discussions
Display and Distribute
Your Job Openings
COVID-19 News
COVID-19 Webcasts

Featured Jobs

Plan Administrator

Independent Retirement
(Telecommute / Portland OR)

Independent Retirement logo

Retirement Plan Consultant

Definiti
(Telecommute / Dallas TX / University Place WA / Spring TX)

Definiti logo

Distribution Specialist

Carpenter Morse Group
(Telecommute / Longwood FL)

Carpenter Morse Group logo

Client Success Specialist

Ubiquity Retirement + Savings
(Telecommute / San Francisco CA / AZ / CO / FL / IL / KY / LA / MA / NC / NJ / NV / NY / OR / SC / TN / WA)

Ubiquity Retirement + Savings logo

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

By Date   |   By Company Name


View More Press Releases by Willis Towers Watson

Press release:

Willis Towers Watson Introduces Powerful Pay-for-Performance Diagnostic Tool

Issued by: Willis Towers Watson

Date: May 25, 2017

ARLINGTON, VA, May 25, 2017 — Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, has unveiled a powerful tool that enhances their consultants’ capabilities to diagnose the health of a company’s pay-for-performance (P4P) programs. The new tool comes at a time when companies are under growing pressure to strengthen the link between pay and performance for all employees, including, importantly, their executives.

The P4P diagnostic tool is Willis Towers Watson’s latest example of its commitment to helping clients ensure their executive and broad-based employee compensation programs are optimized and delivering the best return on investment. The diagnostic is holistic in that it looks at all P4P programs and is integrated so that it covers all aspects of strategy, design and implementation.

It has four key phases:

  • Collect information on P4P programs.
  • Review data and determine the analyses necessary to support the overall evaluation.
  • Assess the compensation program’s alignment to the Willis Towers Watson P4P guiding principles through a systematic review of the plans and the supporting processes.
  • Highlight recommendations to improve P4P through enhancements in program design, processes and delivery.
“Despite much attention on compensation programs, shareholders, employers and employees alike believe there’s significant room for improvement in P4P strategy and delivery,” said Carole Hathaway, Rewards practice leader at Willis Towers Watson. “This diagnostic tool helps assess the strengths and opportunities for enhancement of a company’s compensation programs with regard to P4P. With companies facing pressure from shareholders, regulators and their employees, we believe this approach will provide the insights employers need to make their P4P programs better fit for purpose and governance.”

About Willis Towers Watson
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

BL:hh

View More Press Releases by Willis Towers Watson


This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2020 BenefitsLink.com, Inc.