podesta_email_04007.txt

podesta-emails 854 words email

P17 V16 P21 D6 D1

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Bruce: Changes are highlighted below. Please advise of any additional comments. Thanks.-Terry Draft Email from Bruce Subject: Total Compensation Benchmarking This year, the Foundation began a formal review of our total compensation programs so that we can continue to attract and retain a highly talented staff to carry out our various initiatives. Total compensation consists of two parts: cash compensation (salary and bonus) and benefits program coverage. During 2011, we focused on measuring how the cash compensation we pay our employees compares to salaries of employees in comparable positions at other non-profit organizations. In addition to other factors such as job performance, we took into consideration the results of this salary review in formulating the 2012 salary amounts for employees. In early January, we will be communicating the 2012 salary increases which, due to a scheduling delay, have not yet been reviewed and approved by the Board of Directors. To complete our total compensation review, during 2012 we will focus on measuring the competitiveness of our benefits program, with a target of implementing any design changes in 2013. We will provide you with more information on the benefits review later in the year. On the part of myself, President Clinton, and the Board, I'd like to thank each of you for your work which contributed to our many successes in 2011, and wish you all a very happy holiday. From: Bruce Lindsey Sent: Wednesday, December 14, 2011 11:43 AM To: Terry Sheridan; John Podesta Cc: Charles Ferguson Subject: Re: Drafts fo Employee Communications on Compensation I would include President Clinton's name in the last paragraph of the first email. My one concern is by saying we used the salary review to "determine" their 2012 salaries are we leaving them with the false impression that we have corrected all inequities. Would it be better to say that the salary review was "taken into consideration" in setting their 2012 salaries? Bruce From: Terry Sheridan <[email protected]<mailto:[email protected]>> Date: Wed, 14 Dec 2011 10:40:54 -0500 To: "Bruce R. Lindsey" <[email protected]<mailto:[email protected]>>, John Podesta <[email protected]<mailto:[email protected]>> Cc: Charles Ferguson <[email protected]<mailto:[email protected]>> Subject: Drafts fo Employee Communications on Compensation Bruce and John: In our call last week, we discussed 2 communications for employees: (1) an email from Bruce on the total compensation benchmarking that was conducted this year to confirm to employees that we had conducted a formal benchmarking process on salaries this year as we had previously represented, and that the information was used to determine 2012 salary amounts; and to set the stage for the 2012 detailed benefits benchmarking and any resulting design changes; and (2) the employee letter confirming his/her individual bonus amount. Below please find the draft of (1) and attached is the draft of (2). Please let me know your comments. We would like to finalize the bonus letter today so we can begin production of the letters in time for a Monday, Dec. 19th distribution. The target distribution date for the total compensation email from Bruce is Monday, Dec. 19th (subject to any further discussion), so we would like to finalize the email by the end of the week. Please don't hesitate to let me know if you have any questions. Bruce, I will forward the list of bonuses for your approval shortly. Thanks. Terry Draft Email from Bruce Subject: Total Compensation Benchmarking This year, the Foundation began a formal review of our total compensation programs so that we can continue to attract and retain a highly talented staff to carry out our various initiatives. Total compensation consists of two parts: cash compensation (salary and bonus) and benefits program coverage. During 2011, we focused on measuring how the cash compensation we pay our employees compares to salaries of employees in comparable positions at other non-profit organizations. In addition to other factors such as job performance, we used the results of this salary review to determine the 2012 salary amounts for employees. In early January, we will be communicating the 2012 salary increases which, due to a scheduling delay, have not yet been reviewed and approved by the Board of Directors. To complete our total compensation review, during 2012 we will focus on measuring the competitiveness of our benefits program, with a target of implementing any design changes in 2013. We will provide you with more information on the benefits review later in the year. On the part of myself and the Board, I'd like to thank each of you for your work which contributed to our many successes in 2011, and wish you all a very happy holiday.