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May 30, 2011 - PowerPoint PPT Presentation


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Stakeholder Consultation Workshop on Compensation Cost Benchmarking Study. May 30, 2011. Facilitator’s Remarks – Bob Betts. Introductions Facilitator, Bob Betts & OPTIMUS | SBR support team Meeting Facilities Safety Review Note taking process Participant Introductions. Agenda.

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Presentation Transcript
facilitator s remarks bob betts
Facilitator’s Remarks – Bob Betts
  • Introductions Facilitator, Bob Betts & OPTIMUS | SBR support team
  • Meeting Facilities
  • Safety Review
  • Note taking process
  • Participant Introductions
agenda
Agenda
  • 9:30 AM – Welcome
    • Allan Cowan, Director, Major Applications, Hydro One Networks
  • 9:40 AM – Introductions, Background on Compensation Cost Benchmarking Study and Key Points of Agreement from February 10th Stakeholder Session
    • Bob Betts, Facilitator, Optimus |SBR
  • 10:00 AM – Approach to Compensation Cost Benchmarking Study & Facilitated Discussion
    • Iain Morris, Mercer
    • Bob Betts
  • 10:45 AM – BREAK
agenda cont d
Agenda Cont’d
  • 11:00 AM – Approach to Compensation Cost Benchmarking Study & Facilitated Discussion
      • Iain Morris
      • Bob Betts
  • 11:45 AM – Next Steps and Closing Remarks
      • Bob Betts/ Allan Cowan
  • 12:00 PM – Adjourn
meeting process
Meeting Process
  • Mobile phones “Off” or “Silenced”
  • Avoid side discussions while others speaking
  • All questions are good ones
  • Materials and notes will be posted on Hydro One’s Regulatory Website:

www.HydroOne.com/RegulatoryAffairs

compensation cost study background
Compensation Cost Study Background
  • Board Direction to do a study in 2007/2008 TX
  • Mercer Study filed in 2009/2010 TX
  • Board Directed update in 2011/2012 TX
    • The Board directs Hydro One to revisit its compensation cost benchmarking study in an effort to more appropriately compare compensation costs to those of other regulated transmission and/or distribution utilities in North America.
      • More robust evidence on initiatives to achieve a level of costs per employee closer to market value.
      • Compensation increases to be matched with demonstrated productivity gains.
    • Hydro One to consult with stakeholders about how the Mercer study should be updated and expanded to produce such analyses.
feb 10 2011 consultation key points of agreement 1
Feb. 10, 2011 Consultation- Key Points of Agreement (1)
  • Principle objective - to revisit the Mercer Study to appropriately compare HONI compensation costs to those of regulated Transmission and Distribution utilities in North America.
  • Keep it simple to entice survey participants
  • Be independent, testable, repeatable and market‐based
  • Provide participants with the assurance that their information could not be attributable to them
feb 10 2011 consultation key points of agreement 2
Feb. 10, 2011 Consultation- Key Points of Agreement (2)
  • Be based on the groups surveyed in the Mercer study and expanded as deemed appropriate by the consultant
  • Mirror the scoping in the Mercer study for peer selection, job classes, etc, changed as deemed appropriate by the consultant
  • Enable reasonable comparison to the last Mercer study and provide trending analysis for Hydro
  • Consider median, or the mean, or both.
feb 10 2011 consultation key points of agreement 3
Feb. 10, 2011 Consultation- Key Points of Agreement (3)
  • Consider adjustments to reflect regional costs of living amongst the study participants
  • No attribution of data to particular participant
  • Request data about pension as a percentage of total benefits, and benefits as a percentage of compensation
  • Rely on the expertise of the selected consultant to recommend appropriate changes in methodology and assumptions.
  • Consultant to recommend productivity metric or metrics that can be used for internal comparisons using readily available internal data
the may 30 2011 consultation task
The May 30, 2011 Consultation Task

To provide further input on the proposed approach the consultant will undertake in the study.