Page 10 - Optim Orthopedics
P. 10
Total Rewards and Compensation Consulting Practice
Sample Total Rewards Value Analysis Output
Reward/benefit Client versus benchmark
Compensation
Benchmark key Base salary
Above market Target total cash
Benefits
Slightly above
market Plan design Contributions
At market Medical high deductible plan
Dental plan
Sample total Slightly below Vision plan N/A
market
N/A
Below market
Long term disability (benefit %)
rewards value Additional notes: Basic life and AD&D (benefit amount) N/A
Retirement
Employer match
analysis output Client provides a short-term Plan features/design
disability benefit that allows
for the employee's own
Paid time off
medical recovery following
childbirth to be covered at
100% of regular pay for 10 Days provided Carryover
weeks with the 2 weeks of Vacation N/A
parental leave starting after
the conclusion of the of the Sick/health
short-term disability benefit. Holidays N/A
Bereavement leave N/A
Days provided Pay received
Paid parental leave
6
Sample value analysis output Sample value analysis output
• Lockton conducted a total rewards analysis of: MARKET — TOTAL REWARDS BREAKDOWN
Market —total rewards breakdown
Total rewards breakdownsis of:
Lockton conducted a total rewards analy
− Total cash compensation (Base + STI) ˗ Total cash compensation (Base + STI) (Employee Only)
Medical
Market
ABC
− Medical, dental, vision, and life insurance ˗ Medical, dental, vision, and life insurance Ration % 4.35% Retirement
3.74%
− Retirement ˗ Retirement coverage average — ABC to Life Insurance
0.03%
value
market
value
PTO
− Paid time off ˗ Paid time off 8.37%
Cash compensation $90,250 $93,346 97.0%
Medical beneits $4,380 $7,180 61.0% Total Cash
83.52%
Total rewards breakdown
Retirement $6,000 Market average Ratio % — ABC to
144.0%
$4,176
ABC average value value market
97%
Paid time off Cash compensation $7,139 $9,352 76.3%
$93,346
$90,250
Medical benefits $4,380 $7,180 61.0%
Market value $107,769 $14,054 94.5%
Retirement $6,000 $4,176 144%
Paid time off $7,139 $9,352 76.3%
Market value $107,769 $114,054 94.5%
Optim Orthopedics — Lockton Beneits Practice overview 10 7 Lockton Companies
7
Sample Total Rewards Value Analysis Output
Reward/benefit Client versus benchmark
Compensation
Benchmark key Base salary
Above market Target total cash
Benefits
Slightly above
market Plan design Contributions
At market Medical high deductible plan
Dental plan
Sample total Slightly below Vision plan N/A
market
N/A
Below market
Long term disability (benefit %)
rewards value Additional notes: Basic life and AD&D (benefit amount) N/A
Retirement
Employer match
analysis output Client provides a short-term Plan features/design
disability benefit that allows
for the employee's own
Paid time off
medical recovery following
childbirth to be covered at
100% of regular pay for 10 Days provided Carryover
weeks with the 2 weeks of Vacation N/A
parental leave starting after
the conclusion of the of the Sick/health
short-term disability benefit. Holidays N/A
Bereavement leave N/A
Days provided Pay received
Paid parental leave
6
Sample value analysis output Sample value analysis output
• Lockton conducted a total rewards analysis of: MARKET — TOTAL REWARDS BREAKDOWN
Market —total rewards breakdown
Total rewards breakdownsis of:
Lockton conducted a total rewards analy
− Total cash compensation (Base + STI) ˗ Total cash compensation (Base + STI) (Employee Only)
Medical
Market
ABC
− Medical, dental, vision, and life insurance ˗ Medical, dental, vision, and life insurance Ration % 4.35% Retirement
3.74%
− Retirement ˗ Retirement coverage average — ABC to Life Insurance
0.03%
value
market
value
PTO
− Paid time off ˗ Paid time off 8.37%
Cash compensation $90,250 $93,346 97.0%
Medical beneits $4,380 $7,180 61.0% Total Cash
83.52%
Total rewards breakdown
Retirement $6,000 Market average Ratio % — ABC to
144.0%
$4,176
ABC average value value market
97%
Paid time off Cash compensation $7,139 $9,352 76.3%
$93,346
$90,250
Medical benefits $4,380 $7,180 61.0%
Market value $107,769 $14,054 94.5%
Retirement $6,000 $4,176 144%
Paid time off $7,139 $9,352 76.3%
Market value $107,769 $114,054 94.5%
Optim Orthopedics — Lockton Beneits Practice overview 10 7 Lockton Companies
7
