Administration December 19, 2007

Top Execs and Employees Agree CEOs are Overpaid

December 19, 2007 (PLANSPONSOR.com) - More than three quarters (77%) of employees surveyed by BNET.com say that CEOs are overpaid, and 64% of top executives agree.
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A press release on the first-of-its-kind CEO Report Card said that while both groups agree on the issues of CEO salary, employees and executives have different perceptions of management ability. Half of execs say their leadership style is effective, but only one third of employees agree.

While 64% of CEOs describe themselves as “engaged,” just 35% of employees indicated they feel good ideas successfully bubble up through the organization to the attention of the CEOs, the release said.

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Other key findings of the survey include:

  • Only 24.8% of employees say CEOs “tend to be unethical.”
  • Nearly 70% of executives are satisfied with their performance, but only 45% of employees say their leaders are doing a good job. Employees identified communication and leadership style as the largest weaknesses.
  • Most executives say that they most value integrity when evaluating their employees, however only 27% of employees think this is true. Employees say that delivering results is what matters most when they are evaluated.
  • One in three executives say that CEOs get picked on by the media and are underappreciated for the responsibility they shoulder, while 75% of employees disagree.

The CEO Report Card survey was conducted via email among registered BNET.com users June 11-18, 2007. A total of 1,572 surveys were completed.

To download the full report, including expert commentary and analysis, visit http://www.bnet.com/2436-13070_23-173261.html .

Products December 18, 2007

Communication to Project Plan Investment Growth Launched

December 18, 2007 (PLANSPONSOR.com) - Broadridge Financial Solutions, Inc. has launched an Internet-based solution that allows retirement plan providers to create and output communications for their clients that feature projections of how much their investments could grow.
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Plan providers can use the template-driven tool, that includes charts, illustrations, and other variable content, to create a personalized financial “snapshot,” according to a Broadridge press release. The communication is designed to motivate participants to increase retirement plan contributions and to increase plan participation rates, Broadridge said.

Data and artwork can be imported via a feed and/or an online upload. The resulting documents are personalized with variable messages and illustrations based on age, compensation, and current deferral rates.

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The solution is available as a stand-alone product, or it can integrate seamlessly with Broadridge’s Dynamic On-demand Communications System (DOCS).  

“Using the talents of our communications experts and our technology know-how, we developed this proprietary tool that plan providers can use right from their desktops with minimal effort and upfront cost,” said Gerard Scavelli, President, Investor Communication Solutions at Broadridge, in the release.

More information is at www.broadridge.com .

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