fix the slide 13 only 13you can read all slides and get what the power point talks about in slide 13 you need to use smart art or Streamline text relating the three types of culture (which are in slides 12) to a academia company which is and online, subscription based company.Please make the style of slide 13 same with other slidesVariable Compensation Structure: Assessing
Academia’s Workplace Environment
Boston Consulting Group
March 27, 2020
1
Purpose
1
Provide & encourage transparency
2
Improve communication
3
Identify areas of improvement
4
Implement changes
Academia’s Variable Compensation Assessment
2
Executive Summary
1
Variable Compensation & Implications
2
Breakdown
3
Employee Communication
Academia’s Variable Compensation Assessment
3
1
Variable Compensation Structure
Academia’s Variable Compensation Assessment
4
Variable Compensation Structure
2
1
Base Pay
+
Additional Compensation
● Bonus
● Equity options (stocks)
● Awards based on personal
and firm performance
Academia’s Variable Compensation Assessment
5
5
Academia Internal Examples
*stock options vary
Academia’s Variable Compensation Assessment
6
6
2
Breakdown: Academia
Academia’s Variable Compensation Assessment
7
Main Driving Factors
Company
Characteristics
Unique Workforce
Strategic Goals
Culture
A comprehensive & thorough compensation strategy can…
●
●
Incentivize better performance
Attract and maintain top talent
Academia’s Variable Compensation Assessment
8
8
1. Skills & Training of Employees
–
Unique workforce: high technical roles
– Increase overall human capital
Early investment leads to long-term retention
– Rigorous hiring process
– Internal training program
Academia’s Team Breakdown
5.5%
18.2%
12.7%
Academia’s Variable Compensation Assessment
63.6%
9
9
2. Company Characteristics
●
●
●
●
50+ employees
Start-up culture
Technology intensive
Behaviour-oriented
Academia’s Variable Compensation Assessment
10
10
3. Strategic Goals
–
Academia’s subscription-based business model
Expand firm growth
Individual incentive-based salary → leads to higher performance
–
Increase individual accountability
Support recurring sales
Employee satisfaction
Academia’s Variable Compensation Assessment
11
11
4. Culture
Behavior control
● Help the company to suit immediate market
● Less direction, and no procedures
Outcome Control
● Increasing the outcomes of employees
● A strong correlation between freedom and moral hazard
Flexibility In the Workplace
● Help company to cut cost
● A strong correlation between flexibility in the workplace
Academia’s Variable Compensation Assessment
12
12
4. Culture: Academia
Academia’s Variable Compensation Assessment
13
13
3
Employee Communication Plan
Academia’s Variable Compensation Assessment
14
Next Steps…
● Future consultation meeting(s) to discuss changes
● Reassessment after changes are implemented
● Advise on any thoughts/questions/concerns
Academia’s Variable Compensation Assessment
15
15
Thank you
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