SOURCE: Ward Group

Ward Group

March 13, 2012 15:30 ET

Ward Group Offers Compensation Benchmarking and Executive Compensation Consulting for Insurance Companies

CINCINNATI, OH--(Marketwire - Mar 13, 2012) - Ward Group, the leading provider of benchmarking and research studies for insurance companies, now offers compensation consulting services designed to gauge the competitive market and help insurers align pay with performance.

As part of the new service, Ward Group is conducting compensation surveys to analyze employee salaries, incentives and other benefits by position. The compensation surveys can be combined with the firm's operational and financial benchmarks to help companies assess their pay levels, understand compensation relative to performance and develop competitive compensation plans. Insurers can compare their compensation practices against customized benchmark groups, including top performers.

"Combining operational and compensation benchmarking creates a powerful tool for insurers to assess their employee pay levels and develop fact-based performance and reward solutions," said Jeff Rieder, President of Ward Group.

Ward Group also offers consulting for executive compensation to assist with annual and long term incentive plan design. Joshua Bewlay heads the firm's executive compensation advisory services.

Separate surveys are being conducted for property-casualty and life-health segments. The surveys provide competitive benchmark compensation data for virtually every insurance position, as well as other key functions that support the insurance business. For more information or to participate in a compensation survey, contact Tony OShea at 203-602-1232.

About Ward Group®

Ward Group is the leading provider of benchmarking and best practices research studies for insurance companies. The firm analyzes staff levels, business practices and expenses for all areas of insurance company operations and helps companies measure results, optimize performance and improve profitability. For more information about Ward Group, visit www.wardinc.com.

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