Compensation Redesign Project Two Year Timeline

Compensation Redesign Project

MILESTONE PresentInterview Themes and Early Recommendations

MILESTONE Develop Guiding Principles and, New TR Strategy,

MILESTONE Develop Comprehensive Communication Plan

JAN

FEB

MAR

Q3 Project Kick Off and Introduction

2023-2024 Roadmap Draft PROJECT

Create levels and definitions JUN

APR

MILESTONE

MILESTONE Create new job titling schemeand condense titles MAY

MILESTONE Determine new job description approach and template

MILESTONE Transition to new job descriptions and software

MILESTONE Determine new salary rangeapproach based on best practice JUL

Q4 Determine Key DesignElements and “vet” with Key Stakeholders

Q1 BeginDevelopment Work

Validate mapping with departments

MILESTONE

MILESTONE Finish employee mapping

MILESTONE Begin mapping of employees

MILESTONE

Analyze mapping for outliers

Q2 Continue Development Work

MILESTONE Comppolicy development

Compensation Redesign Project

2023 - 2024 Roadmap Draft (continued)

MILESTONE

Finish policy work

PROJECT

End - 2024

MILESTONE Develop new “rewards” approach

MILESTONE Design and develop training for managers

MILESTONE

Companalysis of employees and range positions

MILESTONE

Finish manager training

Design and develop Job Frameworktool

Train Managers

Finalize any pending issues with comp,levels and/or titles

MILESTONE

Rollout to all staff employees

Testand finalize Job Framework tool

Rollout Job Frameworktool

JAN

FEB

Q4 Prepare for “go live”

Q1

Rollout of New Compensation Designto All Staff Employees

Q2

Rollout of New Job Framework Tool to All Staff Employees