Compensation And Benefits Review A Complete Guide - 2020 Edition. Gerardus Blokdyk

      114. What would be the goal or target for a Compensation and Benefits Review’s improvement team?

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      115. What are the requirements for audit information?

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      116. Who is gathering Compensation and Benefits Review information?

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      117. How do you gather Compensation and Benefits Review requirements?

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      118. When is the estimated completion date?

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      119. What knowledge or experience is required?

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      120. Has a Compensation and Benefits Review requirement not been met?

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      121. Is the team adequately staffed with the desired cross-functionality? If not, what additional resources are available to the team?

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      122. What is the scope of the Compensation and Benefits Review effort?

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      123. Is there regularly 100% attendance at the team meetings? If not, have appointed substitutes attended to preserve cross-functionality and full representation?

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      124. What happens if Compensation and Benefits Review’s scope changes?

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      125. Are approval levels defined for contracts and supplements to contracts?

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      126. What are (control) requirements for Compensation and Benefits Review Information?

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      127. What constraints exist that might impact the team?

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      128. Has everyone on the team, including the team leaders, been properly trained?

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      129. Are accountability and ownership for Compensation and Benefits Review clearly defined?

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      130. Are the Compensation and Benefits Review requirements complete?

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      131. What is a worst-case scenario for losses?

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      132. What Compensation and Benefits Review services do you require?

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      Add up total points for this section: _____ = Total points for this section

      Divided by: ______ (number of statements answered) = ______ Average score for this section

      Transfer your score to the Compensation and Benefits Review Index at the beginning of the Self-Assessment.

      CRITERION #3: MEASURE:

      INTENT: Gather the correct data. Measure the current performance and evolution of the situation.

      In my belief, the answer to this question is clearly defined:

      5 Strongly Agree

      4 Agree

      3 Neutral

      2 Disagree

      1 Strongly Disagree

      1. How do you aggregate measures across priorities?

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      2. How is performance measured?

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      3. What are the uncertainties surrounding estimates of impact?

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      4. Where is the cost?

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      5. How can you measure Compensation and Benefits Review in a systematic way?

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      6. Was a business case (cost/benefit) developed?

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      7. Are there any easy-to-implement alternatives to Compensation and Benefits Review? Sometimes other solutions are available that do not require the cost implications of a full-blown project?

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      8. How can you reduce costs?

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      9. How do you quantify and qualify impacts?

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      10. What is an unallowable cost?

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      11. Among the Compensation and Benefits Review product and service cost to be estimated, which is considered hardest to estimate?

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      12. What are hidden Compensation and Benefits Review quality costs?

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      13. Are there competing Compensation and Benefits Review priorities?

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      14. How will costs be allocated?

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      15. What happens if cost savings do not materialize?

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      16. How will measures be used to manage and adapt?

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      17. Do you aggressively reward and promote the people who have the biggest impact on creating excellent Compensation and Benefits Review services/products?

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      18. What are you verifying?

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      19. What is the total fixed cost?

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      20. How will your organization measure success?

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      21. Are you taking your company in the direction of better and revenue or cheaper and cost?

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      22. What is your decision requirements diagram?

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      23. What does your operating model cost?

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      24. How will success or failure be measured?

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      25. What are the strategic priorities for this year?

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      26. Have you made assumptions about the shape of the future, particularly its impact on your customers and competitors?

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      27. Are missed Compensation and Benefits Review opportunities costing your organization money?

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      28. Will Compensation and Benefits Review have an impact on current business continuity, disaster recovery processes and/or infrastructure?

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      29. Does a Compensation and Benefits Review quantification method exist?

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      30. How do you measure variability?

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      31. Does management have the right priorities among projects?

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