2017-Friday, June 9th – Staying Competitive with Executive Compensation

Date: 06/09/2017

Time: 7:00am – 10:00am

Where:  The Umstead Hotel and Spa

100 Woodland Pond Drive

Cary, NC 27513

 

Staying Competitive with Executive Compensation

In today’s competitive business environment, how do organizations attract, retain, and motivate, as well as know when to say “no” to their executives? Why are you paying so much more for a replacement executive than the person who previously occupied the role? Is that okay? When do the numbers not make sense anymore?

While it’s commonplace to recite the mantras, “pay for performance” or “good talent is expensive talent”,  it remains difficult to balance short-term compensation with long-term incentives, and to align those elements to drive the right behaviors. What works for one company may not work for the next. Consideration must be given to variables such as industry, size, public vs. private, for-profit vs. not-for-profit, PE, VC, high-growth, etc. And what worked in the past must continually be evaluated for relevance in today’s world.

Join us for this engaging discussion on such topics as:

– Trends/developments in executive and director compensation

– Incentiveplan designs

– Aligning compensation to drive intended behavior

– Quantitative and qualitative examples of salaries, equity, and LTE, from both Triangle-based and out-of-market companies

– Lessons from this Say on Pay season

And feel free to invite your Compensation Specialist to join us as well.

About Our Panelists 

Fara Palumbo, Senior Vice President and Chief Human Resources Officer, Blue Cross Blue Shield of North Carolina (Moderator)

 

 

 

 

Fara Palumbo is a leader in delivering innovative health care products, services and information to more than 3.8 million members. Her responsibility is to ensure that the company’s more than 4,900 employees are equipped to support and achieve strategic and business goals.

Fara has led the transformation of the company’s talent strategy, delivering a compelling and credible employment value proposition and leading cultural change. She is the primary driver behind the company’s major life/work initiatives, including the design, development and implementation of a backup childcare center – the first backup center in North Carolina. During her tenure, BCBSNC has earned numerous recognitions as an employer of choice in North Carolina, including the Working Mother Top 100, AARP Best Employers, American Heart Association Fit Friendly and the Human Rights Campaign Corporate Equality Index.

Previously, Fara worked at Citibank in New York in a variety of Human Resources leadership positions in both the retail and investment banks, rising to the position of vice president of HR for the Global Securities Division.

Fara was the first executive sponsor for the BCBSNC Women’s Employee Network, one of 10 employee networks serving its workforce. She is an active supporter and board member for the Susan G. Komen Triangle to the Coast Affiliate, which invests in breakthrough research to prevent and cure breast cancer. She is also a board member of the Triangle Chief HR Officer Association, an organization created to support senior HR leaders in their pursuit of organizational excellence.

She obtained her MS in organizational management from Pfeiffer University and a BA in psychology from Fordham University.

Daniel Rodda, Lead Consultant, Meridian Compensation Partners, LLC

Daniel Rodda, Lead Consultant

Daniel Rodda consults with compensation committees and senior management on all aspects of executive and director compensation, developing customized compensation programs aligned with business strategies and the governance environment. His consulting work includes competitive assessments, incentive plan design, risk assessment, alignment of pay and performance, responses to shareholder and regulatory concerns, disclosure, equity plan share requests, employment agreements, and severance arrangements.

Daniel works with companies in a diverse range of industries including banking and financial services, business services, retail, media, aerospace, utilities, and healthcare. He is a frequent speaker and writer on executive compensation trends and developments.

Daniel has assisted clients with their compensation and benefits programs for over a decade. Prior to joining Meridian, Daniel was a Principal in Mercer’s executive compensation practice.

Christiaan Heijmen, Principal, Executive Search, Vaco 

Christiaan is truly a generalist when it comes to executive search and human capital advisory. He has executed retained executive searches for clients in audit/tax/advisory, banking, construction, consumer, entertainment, government, hospitality, IT, legal, life/sciences/pharma, management consulting, not-for-profit and SaaS. He now focuses his practice mostly on the RTP area.

He has also worked as a human capital advisor, to include clients: Aetna, BHP Billiton, CIGNA, Gap, Health Alliance Plan, Hewlett-Packard, NY Life, Major League Soccer, Pulte Homes and The International Olympic Committee.

Christiaan has a B.A. in English and a B.S. in Management from UMass where he was a summa cum laude honors scholar and a 4-year division one rugby player. He was president of the Rugby team and president of the Navigators, a national faith-based community service organization.

 

Christiaan has his MBA from Fuqua. At Fuqua, he was honored to serve as: (COLE) Leadership & Ethics Fellow, co-Chair admissions, co-President of the graduate men’s rugby team, co-President for STEP (high-school mentorship program), board member for First in Families North Carolina and a Habitat for Humanity Volunteer. He was honored in 2013 by way of the “Business Award for Exemplary Alumni Service” to the Fuqua School of Business.

 

In his spare time, Christiaan enjoys boxing, hiking, reading, and staying engaged with people with disabilities.

 

Christiaan, his wife Linzy, son Andrew, and Daughter Alivia live in Durham, NC.

 

Scott Thibeault, Vice President Talent, Strategic Talent Innovations

Scott Thibeault (t-bo)

Scott has been a compensation practitioner for the past 30 years with experience in-house at several Fortune 50 companies, and has consulted with many Fortune 500 companies supporting their executive compensation design needs. He has consulted with many C-suites and Boards of Directors with in-depth support to compensation committees. Scott has reviewed hundreds of compensation summaries and authored several for public company proxy statements. Over the years, he has worked with many premiere executive compensation consultants including: Pearl Meyers, Fred W. Cook, Graef “Bud” Crystal, and Jude Rich, to name a few. Scott has been consulted on some of the most intricate CEO compensation negotiations over the past quarter century. His experience with public and private companies has required creativity in the design of long-term equity and performance cash elements.

 

Scott led the Compensation functions at the following companies:

 

  • Aetna, Inc. – Hartford, CT; $120 billion assets under management, 64,000 employees worldwide; $2.6 billion payroll
  • Oxford Health Plans – Norwalk, CT; $7.2 billion market value; 7,400 employees; $418 million payroll
  • WCI Communities, Inc. – Bonita Springs, FL; $4.7 billion assets managed; 1,700 employees; $79 million payroll
  • Talecris Biotherapeutics – Durham, NC; $4.4 billion market value; 2,900 employees worldwide; $151 million annual payroll
  • ISGN Mortgage Services – Palm Bay, FL; $111 million market value; 1,100 employees worldwide; $26.5 million payroll
  • Carestream Inc. – Rochester, NY; $14 billion market value; 8,000 employees worldwide; $376 million payroll.

 

Additionally his consulting experience includes executive compensation and board compensation design and communications for companies including:

 

  • Pitney Bowes
  • Pfizer Pharmaceutical
  • Citicorp
  • American Express
  • Coopers & Lybrand
  • Price Waterhouse
  • Janus Financial
  • Bayer Biologics
  • HCA Health Group
  • NNE Pharmaplan
  • Eisai Pharmaceutical
  • Enterra Health
  • Goodwill Industries

2017-Thursday, April 6th – TCHROA Spring “Meet, Eat, and Get Acquainted”

Where: Second Empire (private room)  2010 Renaissance Park Place  330 Hillsborough Street  Raleigh, NC 27603

When: 6:00pm – 9:00pm

Let’s get together for the simple sake of getting to know each other better, which invariably leads to the enrichment of your network, as well as more candid, in-depth discussions in future meetings.  We’ll engage in interesting conversations, all while enjoying wine and heavy hors d’oeuvres.

And, as always, feel free to invite others in your network who are the most senior local HR leaders in their company.

2017-Friday, February 10th – Performance Management: New Approaches to Rewards, Recognition, and Retention

Cary, NC | The Umstead Hotel and Spa
Friday, February 10, 2017 from 7:00 AM to 10:00 AM

Performance Management: New Approaches to Rewards, Recognition, and Retention

Performance management is not a new concept. Several sources suggest that performance appraisals were invented by WD Scott as early as World War I. On the whole, the way companies conduct appraisals has changed massively over the last 100 years. And the last handful of years has brought about a new way of thinking about how to motivate, reward, and retain employees. Many organizations have completely overhauled their traditional performance processes and systems, in order to better align employee performance with company strategy, goals, and expectations.

Join us for this engaging session to hear how a few of our local organizations have creatively shifted their performance management approaches, and how they have fared.

About Our Panelists 

Stephen Bewley, Senior Client Account Executive, Accenture

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Stephen Bewley is a Senior Client Account Executive in Accenture’s Health & Public Service practice. He has over 20 years of experience helping clients with large-scale, strategic programs. He has supported clients across the healthcare spectrum including large regional and national health payers, providers, and back office intermediaries.  He specializes in helping clients develop end-to-end solutions, from strategy through execution, to adapt to changes in the market.

Steve currently serves as the Client Account Lead for two regional health payers.  Prior to that role, he led the SaaS ERP and Finance offerings for Accenture’s Health Back Office practice. Steve also has startup experience working for two healthcare software startups from 2002-2008. He specializes in helping clients develop end-to-end solutions, from strategy through execution, to adapt to changes in the market.

As Client Account Lead for two regional health payers, Steve has been responsible for oversight of Accenture’s services including the development of client strategies and the delivery of strategic programs in the areas of Operations Strategy & Management, Consumer Engagement, Digital Transformation, and Cost Management.

Kyle Cavanaugh, Vice President for Administration, Duke University

Kyle Cavanaugh

As Vice President for Administration at Duke University, Kyle Cavanaugh provides leadership to a comprehensive Human Resources operation. Over the past several years, he has also assumed leadership for Disability Management and Duke Police, Parking and Transportation Services, and Visa Services.

Kyle came to Duke in 2009 from the University of Florida, where he started in 2005 as vice president for human resources and, in 2007, was promoted to senior vice president for administration, overseeing a range of business, financial and operational activities.

Prior to joining the University of Florida, Kyle was associate vice president for human resource services at The University of Texas at Austin, where he led all HR activities and had oversight of the campus police, environmental health and safety, and parking and transportation services.

Previously, he held senior positions at Rice University and Vanderbilt University. Before entering the higher education field, he led health promotion and occupational health services for five years with AT&T.

Kyle has served as a consultant on HR and other issues for numerous universities and organizations across the US and Canada. He has held a faculty position for the past sixteen years with the National Association of College and University Business Officers, College Business Managers Institute. Kyle has held adjunct positions and presented extensively on various higher education business topics.

Born and raised in Brooklyn, NY, Kyle holds three master’s degrees: business administration from Belmont; health promotion and exercise science from Vanderbilt; special education from the University of Illinois at Chicago. He received his bachelor’s degree in special, elementary and early childhood education from Tusculum College in Greeneville, TN.

Tom Mathews, Senior Vice President, Human Resources, Cree (Panel Moderator)

Tom Mathews Bio_TCHRO (002)

Tom Mathews joined Cree on February 1, 2015 as Senior Vice President, HR. In this role, Tom has accountability for HR along with other Administrative functions (Facilities, EH&S, Security and Travel Management).

Prior to Cree, Tom was president of TMathewsHR, a Human Resources consulting firm focused on driving results through people productivity.

Previously, he was Executive Vice President, HR for Time Warner Cable in Charlotte, NC. Tom also spent time in HR at AOL, International Data Group, Shearson Lehman Hutton, and Pillsbury.

Tom holds a BS degree in Economics and Psychology from Trinity College, an MBA in Organizational Behavior & Industrial Relations from the University of Michigan and an MS in Organizational Development from Queens University.

Amy Robertson, Chief People Officer, ChannelAdvisor

amy

 

As Vice President and Chief People Officer, Amy Robertson is responsible for global HR management, operations, and recruiting at ChannelAdvisor. With over 19 years of benefit, compensation, and HR technology experience, Amy leads ChannelAdvisor’s global human resources team to hire and develop top talent for the company.

 

Prior to joining ChannelAdvisor, Amy served as vice president, global total rewards, people systems, and operations at Red Hat, where she managed HR operations, technology, compensation, benefits, recognition, global expansion, and compliance, among other responsibilities.

 

Amy received a Bachelor of Science in Applied Mathematics from North Carolina State University.

2016-Friday, November 4th – The Power of Assessments for Hiring, Selection, Coaching, and Development

Meeting Details:
Time: Friday, November 4, 2016
Location: Prestonwood
Speaker: Joy Ruhmann

More information will be announced closer to meeting date.

The Power of Assessments for Hiring, Selection, Coaching, and Development, or said more simply: Why Use Assessments?

“Employers Find ‘Soft Skills’ Like Critical Thinking in Short Supply.”  This is the title of a recent article in the Wall Street Journal in which studies conducted by LinkedIn and the Wall Street Journal revealed that soft skills are not only in short supply but also very difficult to effectively measure with the traditional recruiting process. Per the LinkedIn study, “58% of hiring managers say the lack of soft skills among job candidates is limiting their company’s productivity.” The WSJ study, conducted with 900 executives, revealed that “soft skills were equally important or more important than technical skills.”

 

As appropriate, lots of focus is given to attracting and retaining those special people that have the talent (both the technical and soft skills) needed to drive your organization to the highest level of success. However, with a large pool of available candidates, it can be a challenge to simply and efficiently wade through the mountain of resumes so that your recruiting staff can focus on selecting the best of the best. Even though assessments are beginning to play a role in the selection process, it seems the main deciding factor is often still – the interview. And the problem with both resume review and the interview is very simple: BIAS.  It is an irrefutable fact that we all have biases and blind spots in our thinking.

Join us for this engaging talk on how assessments can be used to streamline your hiring process, overcome the natural biases of your recruiting staff, and ensure that you hire the best of the best for your organizations, while at the same time saving time and money.

About Our Speaker 

Joy Stroud Ruhmann, Level Up Leadership, Inc.

Joy Stroud Ruhmann, a native of Raleigh, NC, is a passionate and engaging change agent who focuses on helping leaders and their teams understand and resolve unique people issues that serve as obstacles to their success.

In both her personal and professional life, she believes that living fully requires that we “Lean In” to our vulnerability in order to experience the fullness of life and work every day. Thus, her personal and professional core values are to:

  • Listen to understand
  • Engage in conversations which effect change
  • Align her actions and the actions of her client to match their core purpose
  • Navigate with her clients to…
  • Inspire others to move to a deeper sense of wholeness and integrity
  • Nudge others along their path to do the same

She started her career in the banking industry and worked her way to the C-Suite where she faced many of the issues her clients deal with today. Joy received a BSBA in Business Administration from East Carolina University’s College of Business and holds certifications in a wide variety of tools and processes designed to facilitate sustainable growth for her client organizations. Her passion is to clearly understand her clients’ needs and change their world through workplace transformation!

We hope you can join us.

 


2016-Friday, September 9th – Building a Positive, Values-Based Culture

Meeting Details

When: September 9, 2016

Time: 7:00am – 9:00am

Location: Umstead Hotel and Spa; 100 Woodland Pond Drive, Cary, NC 27513

 

Building a Positive, Value-Based Culture

Culture is the game changer. Get the culture right, and your company and people thrive. Diane Adams’ new book, More than Casual Fridays and Free Coffee: Building a Business Culture that Works for Everyone, is a front-row seat to building a positive, values-based culture in your organization, and in turn, gaining an edge in today’s competitive economy. In this session, we’ll discuss how to build a culture that works for everyone. Diane will share with us a 7-step model for building an innovative, high performance organization, along with great examples from companies, large and small.

About Our Speaker 

Diane Adams, a TCHROA member herself, is an innovative leader with strong global orientation and diverse background. She currently leads the global human resources organization at Qlik, and is focused on building the Qlik culture—a fun, high-performance culture with people who care about “making a difference” with our customers and in our communities.

Author of More than Casual Fridays and Free Coffee: Building a Business Culture that Works for Everyone (Palgrave Macmillan, 2015), her goal is to help people and companies recognize how to energize their teams, develop creative strategies to meet changing market requirements, and facilitate high-performing value-based cultures. She is passionate about helping people and companies achieve excellence and reach their potential professionally and personally, as demonstrated by her record of excellence in organizational and leadership development, change management, and strategic staffing for Fortune 500 and high-growth entrepreneurial companies.

Prior to Qlik, Diane was Executive Vice President, Culture and Talent, with Allscripts, where her team was instrumental in growing the company from $500M to $1.44B. Diane also served in a number of human resources leadership roles in her 14 years with Cisco Systems. During her last three years with Cisco, she held the dual role of Vice President, Human Resources, International; and Vice President, Human Resources, Worldwide Sales, growing Cisco from 4,500 people when she joined to 70,000 people in 152 countries. Both Allscripts and Cisco were consistently recognized as “Best Places to Work.”  Diane is also a past recipient of the “Women in Leadership” award for making an impact in business and the community within the North Carolina Research Triangle Park area.

Diane holds a Bachelor’s degree in Business Administration from UNC Chapel Hill. She cares deeply about giving back and serves on several boards, including Make-A-Wish, NC Communities in Schools, and the International Juvenile Diabetes Research Foundation (JDRF) Board, where she is a recipient of the “Living and Giving” Award.

We look forward to seeing you!

 

2016- Friday, April 1st – Accountability by Embarrassment

Meeting Details:
Time: Friday, April 1, 2016
Location: Umstead Hotel and Spa
Speaker: Jim Kochanski

More information will be announced closer to meeting date.

Accountability by Embarrassment

Looking for ways to increase accountability for desired results?

Many management tools and techniques use either “command and control” or “carrot or stick” to drive accountability. As work and organizations have become more complex, these traditional management methods have become less impactful and, as a result, the effectiveness of human resource management has been known to suffer.

It turns out that accountability seems to increase with the chance for embarrassment. That is why scorecards work so well. And some organizations have found that certain ways of using scorecards can tap into a powerful source of human motivation, leading to improved business results.

Come hear Jim Kochanski and Emma Browning from Sibson Consulting present their findings from several clients that used scorecards to increase accountability by allowing for the possibility of individual and/or team embarrassment. This will be an informative and interactive session, with our speakers as well as among participants.

About Our Speakers:

Jim Kochanski

Jim Kochanski recently retired as the Leader of Sibson’s Performance and Rewards practice. He focused on organizational effectiveness, talent management, and compensation. Recent clients include: University of Tennessee, Duke University, Maine Medical System, Caterpillar, Allscripts, Daiichi-Sankyo, The National Football League, The National Hockey League, FHI 360, and Proskauer Rose.

Mr. Kochanski has more than 20 years of consulting experience. Prior to joining Sibson, he held HR roles with several large corporations.

Mr. Kochanski received an MA in Human Resource Development from American University and a BA in Business Administration from the University of Maryland. He has SPHR and SHRM-SCP certifications. He was a frequent author and speaker at national conferences.

Emma Browning, Senior Consultant, Sibson Consulting

Ms. Browning is passionate about creating positive workplaces where people can do their best work. As a Senior Consultant at Sibson Consulting, she helps clients achieve competitive advantage through their people. She works primarily in the areas of talent management, organization effectiveness, employee engagement, compensation, and incentive design. She manages Sibson’s performance management offering and leads consultant staffing for the Performance & Rewards practice. Some of her recent clients include Microsoft, Cisco, Caterpillar, FHI 360, Community Care of North Carolina, and the National Football League.

Prior to joining Sibson Consulting in 2008, Ms. Browning consulted at a hospital in the Southeast, evaluating and recommending retention and performance management strategies. She also directed communications and earned income ventures in the nonprofit sector.

Ms. Browning received her MBA from Duke University’s Fuqua School of Business, with a concentration in social entrepreneurship, and completed her BA at Wake Forest University. She has earned the Compensation Management Specialist (CMS) designation from IFEBP. Ms. Browning is a frequent writer and presenter; her work has appeared in multiple outlets including WorldatWork and Bloomberg BNA.

We look forward to seeing you!

 

2016-Friday, February 5th – Corporate Restructurings

A Look at the Human Side of Corporate Restructurings

Meeting Details:
Date: Friday, February 5, 2016
Time: 8:00 AM to 11:00 AM (EST)
Location: SAS, Building C, Executive Briefing Center
Address: 820 SAS Campus Drive, Cary, NC 27513
Register Now
Mergers. Acquisitions. Joint ventures. Spinoffs. New divisions. IPOs. Privatizing. Downsizing. Divestitures.

These are terms that are well known in the corporate world. Initial headlines announcing corporate restructurings typically focus on improved finances, less duplication of services and staff, the ability to grow a company faster, and the anticipation of higher returns (for shareholders, in the case of public companies).

But what about the impact on employees? And to the human resources organization? With big change comes the need for effective change management that deals with morale, productivity, organization design, benefits, systems, and much more. All while ensuring that the company stays on track to meet/exceed expectations.

We have the good fortune of having several members who have experienced one or more of these restructurings while in a senior HR leadership role. At this time, here’s who has agreed to tell us about it:

– Jodi Cheek, Armacell (recently bought by Blackstone, the biggest private equity firm in the world)
– Florina Gordon, Liquidia & Envisia Therapeutics (recently spun out a company from an existing one)
– Jason Kranack, Square 1 Bank (recently went public)
– Bill Donovan, M*Modal – Moderator (former CHRO of Nortel and has, quite frankly, been through it all!)

We will start with hearing their stories, and continue into a breakout format where you will have the opportunity to dive deeper into these topics as well as share your own situations.

We hope you can join us!

Register Now