For more than two decades, Pearl Meyers & Partners
(PM&P) has provided compensation consulting services and
compensation survey data to clients ranging from Fortune 500s to
emerging, high-growth companies and not-for-profits. At a time when
executive pay is under the regulatory microscope and shareholders
are demanding more value for their money, PM&P promises a
comprehensive approach to compensation planning. The firm's
100-plus professionals work with boards and senior management to
create reward strategies and broad-based compensation programs for
employees and sales professionals.
All of the firm's core practices deal with compensation, with
consulting services that range from compensation strategy design to
implementation and communication of pay programs. Capabilities
include compensation philosophy and guiding principles, salary
programs, annual short-term and long-term incentives, value
creation and performance measurement, contracts, severance
agreements, change-in-control arrangements, equity programs,
competitive intelligence and compensation surveys. The firm also
conducts extensive research, ensuring that it can serve as an
up-to-date resource with trustworthy benchmarking.
Winding path to PM&P
PM&P was founded in 1989 and acquired in 2000 by Clark
Consulting. Seven years later, in March 2007, AEGON N.V., a Dutch
life insurance and pension group, bought out Clark Consulting.
Under a special asset exchange agreement between Clark Consulting
and AEGON, PM&P and other divisions that had been part of Clark
Consulting were sold to Clark Wamberg, LLC, an investor group
created to absorb the former Clark Consulting assets made up of
Clark Consulting executives Tom Wamberg, Jim Benson and Ken Kies.
Once the M&A dust settled, in May 2007, David N. Swinford, then
head of PM&P's New York office, succeeded Joseph R. Rich as the
firm's CEO and president.
Lay of the land
Knowing what your competition is paying its executives and
employees is important to keep the right people in the right jobs.
PM&P's compensation survey practice publishes the CHiPS
compensation survey series, managed surveys, as well as custom
surveys. The CHiPS family of surveys are broad studies that provide
data on segments of the employee population, such as recent college
grads, customer-focused positions and, of course, upper-level
executives and managers. The firm partners with industry
associations and groups to run managed surveys that report pay data
for specialized industries or geographic areas such as the
Washington DC metropolitan area, the engineering and construction
industry, and community banking associations. PM&P's custom
surveys are usually designed to tackle a single organization's
unique employee population segments, which may have unique
credentials or backgrounds that would make benchmarking difficult.
PM&P also conducts custom surveys; for example, a company
employing a large number of expatriates, or with positions
requiring high skill and experience, may require a more focused or
specialized competitive assessment. All surveys are available in
print and online formats.
A recognized resource
A longtime provider of compensation information and services,
industry professionals have come to rely on PM&P for its
expertise and advice, which the firm offers via research reports,
articles and white papers, "As We See It" perspective pieces on
industry trends and client alerts, which offer technical advice on
compensation developments in the disclosure, tax and accounting
PM&P consultants also regularly participate in industry
events and conferences, and are regularly quoted in industry
publications-such as Directorship, Workspan,
Compliance Week, Financial Week, Pension
& Benefits Daily and CFO-and in mainstream media,
such as AP, Reuters, the Wall Street Journal,
BusinessWeek, the New York Post, and the
IN THE NEWS
Pearl Meyer Gives Back
For the third year, Pearl Meyer is proud to be a presenting sponsor of World T.E.A.M. Sports' Adventure Team Challenge [VIDEO]. The
three-day, multi-discipline race brings outdoor sports enthusiasts
with disabilities and able-bodied participants to work together in
teams to complete a daring athletic competition. Pearl Meyer's
Chief Human Resources Officer Michael Enos says, "I can say first
hand this is an incredibly inspiring, challenging, and life
changing event that strengthens relationships, fosters teamwork,
promotes problem solving, and brings camaraderie to the forefront.
It is a powerful experience and one that our firm greatly
Pearl Meyer on NPR and in the Wall St.
The SEC has had an active summer issuing multiple proposals and
rules for executive compensation disclosure and several prominent
media outlets have relied on the firm for information and opinion.
NPR's nationally syndicated radio program, The Takeaway, recently interviewed [AUDIO] managing director
Deb Lifshey for perspective on the controversial CEO Pay Ratio. The
Wall St. Journal took a unique angle on the story with an article featuring Pearl Meyer communications
expert Sharon Podstupka on how to mitigate the negative impact of
the rule in the workforce.
"Pay Transparency is the New Black"
What's at stake for an organization when a recent survey says
50% of people do not believe they are paid fairly within their
companies? How will the proposed CEO Pay Ratio further complicate an already
difficult employee engagement situation?
In a recent article from Workspan, the firm advises planning a good
offense and adopting a company-wide environment of pay transparency
that includes complete and balanced information on how pay programs
are created and governed.
"When Your CEO Becomes a Million Dollar
For many banking institutions, the future may include growth to
an asset size where market-based compensation above $1 million is a
reality for the CEO and other proxy-named executives. Boards and
Compensation Committees have to think about the $1M pay cap
limitation under the IRS code and understand the implications for
tax deductions. The head of Pearl Meyer's national banking
practice, managing director Laura Hay, looks at the details and outlines a