GEMS - Automation for Complex Performance Goals


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GEMS answers the question: "But how would I track an communicate such complex goals to my staff".

GEMS is designed to track, manage and communicate complex goals against compensation programs. Multi-currency, Multi-lingual and multi-layered, GEMS is not a quick "off the shelf" software. It is a real solution to real issues in performance-based pay, including the growing concern of performance-based equity compensation and related plans.

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GEMS - Automation for Complex Performance Goals

  1. 1. See, Understand and Account for Performance Cash and Share-based Compensation Dan Walter, CEP President and CEO, Performensation Consulting and Solutions 917-734-4649 [email_address]
  2. 2. What is GEMS? <ul><li>A system that tracks, manages and communicates </li></ul><ul><ul><li>The 11 types of performance-based equity </li></ul></ul><ul><ul><li>Incentive-based cash compensation </li></ul></ul><ul><ul><li>Performance compensation with deferral components </li></ul></ul><ul><ul><li>Point-based reward systems </li></ul></ul><ul><li>A comprehensive data integration, translation and normalization tool for multiple data sources and formats </li></ul><ul><li>A corporate reporting and analysis system </li></ul><ul><li>A participant portal and scorecard producer </li></ul><ul><li>The ultimate bridge between finance, accounting, compensation, human resources and stock administration </li></ul>
  3. 3. Why GEMS? <ul><li>Manage virtually any performance criteria </li></ul><ul><li>Goals are automatically updated from HR, Finance and Payroll systems </li></ul><ul><li>Combine multiple performance metrics into complex goals for a single award or group of awards </li></ul><ul><li>Track the achievement probability of each metric </li></ul><ul><li>Communicate status directly to participants </li></ul><ul><li>Meet 409A deferral requirements by providing accurate notification </li></ul><ul><li>Update equity administration software, FAS 123R systems and outsourcing providers </li></ul><ul><li>Provide real-time updates to management </li></ul><ul><li>Cost effective, powerful and time-tested </li></ul>
  4. 4. The Elements of Performance Vesting Period Measurement Date Income and Tax Date Date of Award Payout Date Reason/Purpose for Award Explanation of Metrics Specific Equity Instrument Performance Drivers Company Vs Peers Year over Year Individual Metrics Interdependent Goals Positives Vs Negative Relative TSR ROI EBITDA/EBIT Revenue Growth Net Income WHO Officers Individuals Teams / Groups Company-wide HOW WHY WHEN WHAT
  5. 5. Data Integration and Normalization Vendor Systems Annual Review General Ledger Stock Prices ERP HRIS Data Warehouse ONLINE REPORTS EXPORTS Results - Scorecards Trends - Projections Modeling - Analysis Charts - Graphs - Data Password Controlled Standard - Custom - What-if Batches - Distribution Lists Excel, PDF, RTF, Delimited Stock Administration System Finance - Accounting HR - Payroll - Compensation Data Warehouse Calculate Communicate Consolidate
  6. 6. View Performance Factors and Details <ul><li>Audit data from automated sources </li></ul><ul><li>Understand impact of each metric </li></ul>
  7. 7. Add & Edit Parameters <ul><li>User interface for “soft” goals and non-automated metrics </li></ul><ul><li>Modify automated data as required </li></ul><ul><li>Full Audit trail for entry, modification and deletion </li></ul>
  8. 8. Reporting Module <ul><li>Report menu controlled by password </li></ul><ul><li>Customizable report names </li></ul><ul><li>Customize parameters, including frequency and distribution </li></ul><ul><li>Store preferred set-up in “My Reports” </li></ul>
  9. 9. Report Parameters <ul><li>User defined Selection, Sort and Grouping </li></ul><ul><li>“ What-if” support </li></ul><ul><li>See what reports would look like with metrics at projected levels </li></ul>
  10. 10. Report Batches and Custom Distribution Lists <ul><li>Save batches of reports with preset parameters for repeat use </li></ul><ul><li>Run all at once and distribute to defined groups </li></ul><ul><li>Send reports to specified individuals </li></ul><ul><li>Send reports to everyone in a department </li></ul><ul><li>Send reports to all managers </li></ul><ul><li>Create distribution lists and link them to report batches </li></ul>
  11. 11. Report Delivery <ul><li>MS Excel </li></ul><ul><li>PDF </li></ul><ul><li>RTF </li></ul><ul><li>Comma and Tab Delimited </li></ul>On-screen viewing
  12. 12. Participant Dashboard <ul><li>Provides multi-view arrangement of pertinent data </li></ul><ul><li>Interactive mix of charts and data </li></ul><ul><li>Each line item and chart element drills down to supporting details </li></ul><ul><li>Multiple tabs support multiple time-periods, performance views, groups etc. </li></ul><ul><li>Managerial access for quick performance reviews with staff members </li></ul><ul><li>Custom mix for every client </li></ul>
  13. 13. Participant Scorecard <ul><li>Fully customizable data elements and information breakdown </li></ul><ul><li>Printable report available to participants on-demand </li></ul><ul><li>Managers can run for their reports </li></ul><ul><li>Details multiple metrics, vesting periods and periods </li></ul><ul><li>Displays minimums, targets and maximums </li></ul><ul><li>Can show proximity to goal and projected ending result </li></ul>
  14. 14. Extensive Report Formats <ul><li>Many preset formats available </li></ul><ul><li>Full customization also supported </li></ul>
  15. 15. Built-in Data Integration and Normalization <ul><li>Scripted conversion for each data source </li></ul><ul><li>Understandable field names </li></ul><ul><li>Translation and normalization of all fields </li></ul><ul><li>Scheduling and recurrence functions </li></ul><ul><li>Online data audit and integration history </li></ul>
  16. 16. Built-in Data Integration and Normalization <ul><li>File Downloads to FTP Site </li></ul><ul><li>Disks / CDs / DVDs / Tapes </li></ul><ul><li>Robust Reject Data Management </li></ul><ul><li>Open Database Design for Data Extract </li></ul>
  17. 17. Thank You Out Manage - Out Perform - Out Succeed <ul><li>About Performensation </li></ul><ul><li>Headquartered in San Francisco, California </li></ul><ul><li>Data center in Salt Lake City, Utah </li></ul><ul><li>In business since 2006 </li></ul><ul><li>15 years of experience in compensation </li></ul><ul><li>26 years of experience in performance management </li></ul><ul><li>Our focus is bridging the gaps that inhibit effective compensation programs </li></ul><ul><li>We build strong partnerships to bring the best solutions to corporations, vendors and consultants </li></ul><ul><li>We work with all equity compensation software and outsourcing providers </li></ul><ul><li>Initial GEMS release in 2008 </li></ul><ul><ul><li>The only tool designed to handle complex performance-based equity, non-qualified deferred compensation and cash compensation programs </li></ul></ul>
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