Sie sind auf Seite 1von 19

Compensation

Strategy

Presented by:
Caitlin Bell, Alexis Bovalino,
Gina Rosso and Matthew Sovocool
Phase 1
Compensation Philosophy
Compensation Philosophy

Giant Eagle strives to implement a pay for


performance system that provides competitive
wages and flexible benefits that empowers
each and every employee by encouraging
creativity and initiative and supporting overall
well-being and development.
SWOT Analysis

Strength: Above- Weakness: Due to


market wages and cost concerns, we
development may not be able to
orientation attract top hire enough people to
risk management sustain long-term
talent growth.

Opportunity: Modern Threat: Giant Eagle


compensation in may not be able to
grocery retail is outcompete
shifting away from competitors in cost
union contracts
Pay Objectives

1. Create competitive system that attracts top


talent
2. Establish incentive programs that reward
creativity and empower employees
3. Provide a diverse array of benefits that
satisfies needs of the individual employee
4. Emphasize intrinsic rewards
Phase 2
Job Evaluation
Conduct regular store
visits and inspections in a
specified region to ensure
compliance with all
Risk and
policies and procedures
Safety
Can Effectively
communicate policy and
procedure changes to
Coordinator
store level management

Assist in the
implementation of new
safety and risk procedures

Gather information
concerning operations Job
practices for future
corporate analysis Responsibilities
Job
Responsibilities
Report any potential
problems concerning risk
and safety within stores
to corporate risk
management team

Ensure that operations


management is familiar
with all state and federal
hazard regulations,
including OSHA standards

Investigate employee
complaints and concerns
related to workplace
safety, in accordance with
company policy and
applicable laws
Experience

Job Requirements
None required

Education
BSBA or equivalent in Risk
Management or related business
area

Skills and Knowledge


Must possess detailed
knowledge of federal and state
safety regulations

Willing to work flexible hours due


to changing demand conditions
Job Competencies

Work Basic Proficient Advanced


Experience Understand Understand Understand
ing ing ing

Data Legal Health Interperson


gathering knowledge code/regul al skills
and Business ation
analysis acumen standards
Manages Organization Teamwork
risk al skills skills
Talent
management
Leadership
Phase 3
Pay System Design
Benchmarking
Price our jobs using a 12.5% differential (above market)
Price new hires at 25th percentile of range

Benchmark Job Points Giant Eagle Job Points


25th Percentile: $46,984 25th Percentile: $50,000
Median: $54,464 Median: $65,000
75th Percentile: $62,356 75th Percentile: $80,000
Giant Eagle Pay Policy Line
$250,000.00

$200,000.00

$150,000.00

$100,000.00

$50,000.00
Salary

$- Max
or t k
t ys ce is
a l n R
d
in n
a lia of
r A p t
oo is
k om en
C R C d
y d si
f et ce an re
a n t P
ra
S
su en ce
d
em Vi
an In
is
k
n ag
R a
M
k
is
R
of
tor
ec
ir
D

Jobs
Phases 4 and 5
Base Pay Structure and P4P
Salary Structure
Career Career Career Career
Level Level Level Level
Minimum Midpoint Maximum
1. $20,000 $30,000 $40,000

2. $27,000 $37,000 $47,000


Risk and
3. $34,000 $44,000 $54,000 Safety
Coordinators
4. $50,000 $65,000 $80,000 position in the
salary
5. $65,000 $80,000 $95,000 structure

6. $80,000 $100,000 $120,000

7. $95,000 $117,500 $140,000

8. $115,000 $140,000 $165,000

9. $130,000 $155,000 $180,000

10. $150,000 $185,000 $220,000


Risk & Safety Coordinator
Performance Scorecard
Goal Category Goal Description Ratin Comment
g (1- s
5)

Business Results Delivers data and quantitative analysis to support


Giant Eagle decision making and strategy

Risk Maintains a proactive environment that reduces risk


Management and supports Giant Eagles risk culture

Leadership Embraces diversity and empowers fellow Giant Eagle


team members to continually coach and develop each
other

Rating Key
1 - Does Not Meet Expectations
2- Meets Some Expectations
3- Meets All Expectations
4- Exceeds Expectations
5- Significantly Exceeds
Continuation of
Performance Scorecard

Goal Category Goal Description Ratin Comment


g (1- s
5)

Teamwork Inspires cooperation and creates a positive work


environment through creative thinking and
interpersonal communication

Learning and Pursues opportunities to improve current policies and


Growth procedures and seeks new ways to innovate, creating
value for the customer and Giant Eagle

Overall
Merit Pay Matrix
This matrix awards merit increases while also considering
position in the salary range for a particular job
Matrix based off of performance and position in range-based pay

Position in Salary Range


Overall Below 25th 26th-50th 51st-75th Above 75th
Rating Percentile Percentile Percentile Percentile
1 0% 0% 0% 0%
2 2.5% 2% 1.5% 1%
3 3.5% 3% 2.5% 2%
4 5% 4.5% 4% 3%
5 6% 5.5% 4.5% 4%
Questions?