Page 36 - PYA PC
P. 36
Total Rewards and Compensation Consulting Practice
Survey structure and design
Phase I Phase II Phase III
Review of current benefits Individual reward preferences Package preferences and cost analysis
• Creates a baseline for current programs • MaxDiff analysis • Conjoint analysis
• Satisfaction vs. importance vs. utilization • What rises to the top and falls to the • Determines preference levels within a
bottom package of rewards
• Helps us understand the relationship
between cost and employee perceived value
Review of current beneits
• Evaluates a comprehensive list of rewards offered
• Rates the satisfaction of a reward based on how
the organization offers that reward today
• Rates the importance of a reward outside of how
the organization offers it
• Tracks utilization in relationship to other
satisfaction and importance
• Also tracks unfamiliar/unaware status for a
particular beneit
PYA PC — Lockton Employee Beneits Practice overview 36 Lockton Companies
Survey structure and design
Phase I Phase II Phase III
Review of current benefits Individual reward preferences Package preferences and cost analysis
• Creates a baseline for current programs • MaxDiff analysis • Conjoint analysis
• Satisfaction vs. importance vs. utilization • What rises to the top and falls to the • Determines preference levels within a
bottom package of rewards
• Helps us understand the relationship
between cost and employee perceived value
Review of current beneits
• Evaluates a comprehensive list of rewards offered
• Rates the satisfaction of a reward based on how
the organization offers that reward today
• Rates the importance of a reward outside of how
the organization offers it
• Tracks utilization in relationship to other
satisfaction and importance
• Also tracks unfamiliar/unaware status for a
particular beneit
PYA PC — Lockton Employee Beneits Practice overview 36 Lockton Companies
