FPL Associates Compensation Consulting Overview

Transcription

1 FPL Associates Compensation Consulting Overview

2 is a global consulting firm with a 25-year track record and is a recognized industry leader in compensation, as well as organizational, strategic, and financial consulting. Focused on serving organizations in the real estate industry, we have extensive experience working with family-owned companies, private partnerships, and institutional and publicly-owned entities. For each client, we serve as a trusted resource and advisor, leveraging our deep industry knowledge and insights from surveys covering compensation levels and structures across all organizational levels and functions/departments, as well staffing/headcount data and financial metrics. Why Work with Us Completed thousands of studies for clients in the real estate industry, including developers, operating companies, investment managers, private equity firms, debt/finance companies, and public REITs Experience working with companies across all size categories, strategies, sectors, and markets organizational structures, management teams, and individual executives and professionals Normally conduct 200+ projects per year for real estate clients across the globe, with these projects ranging from customized benchmarking analyses to comprehensive consulting assignments Serve as a trusted advisor and act as an extension of our clients leadership teams Project experience and industry relationships provide FPL with intimate knowledge of Serve as exclusive consultants to prominent domestic and international real estate associations (e.g., NAREIM, NAREIT, Preqin, ICSC, REALpac, and ANREV) and conduct annual surveys on their behalf FPL ASSOCIATES 2

3 Not sure how we can help? Engage us to help answer your most challenging and nuanced compensation questions. Compensation Consulting Services & Capabilities Comprehensive review of compensation levels, program design, and other practices: Cover all organization levels, functions, and regions. Address all of the components, incentive plans, and terms/conditions. Benchmark individual pay levels against relevant market practices: Is our organization approaching compensation the right way? Develop customized peer group based on factors such as size, ownership, strategy, and geographic location. Customized analyses for each individual under study based on role, responsibilities, reporting relationships, and experience. Are we providing pay opportunities that are market-competitive and properly calibrated for our company? How should we define market when making compensation decisions? Are our incentive plans motivating the right behavior and producing rewards for real results? Does our compensation structure align interests? Provide information and guidance to help interpret benchmarking results: Client-specific considerations and factors to keep in mind when reviewing results. Help determine the position to target within the market range for the client and each individual. Year-over-year changes in compensation and drivers of those changes. Projected year-end pay levels (salary increase and incentive adjustments). Design annual and long-term incentive plans with the following characteristics: In line with industry, peer, and best practices. Utilize performance criteria tied to the client s strategy and business objectives. Align management s interests with those of all other key constituents. Link pay to performance. Use terms/conditions that are fair and reasonable to ownership and management. How can we improve our year-end performance and compensation process? How should compensation policies be communicated to our employees? Advise clients on how best to navigate complex compensation issues that oftentimes arise when working through: Development and/or implementation of strategic initiatives Capital/fund formation Changes in ownership, leadership, and/or organization structure Review and opine on other compensation-related matters, including (among others) employment contracts, co-investment, job descriptions and titles,and benefits/perquisites. FPL ASSOCIATES 3

4 Representative Client List FPL ASSOCIATES 4

5 Compensation Leadership Team Josh R. Anbil is a Senior Managing Director with and co-heads the firm s compensation and management consulting business, leading efforts in the private sector. In this capacity, he focuses on helping clients review and analyze their existing pay practices and determine how best to compensate their executives, managers, employees, and/or Board of Directors. JOSH R. ANBIL Senior Managing Director janbil@fplassociates.com Since joining FPL in 2004, Mr. Anbil has worked on more than 800 projects for real estate clients. He specializes in advising privatelyowned real estate firms, including real estate investment managers, private equity firms, owner-operators, developers, family-owned companies, services firms, and mortgage finance (debt) companies. Mr. Anbil is focused on helping clients develop market-competitive compensation solutions that align interests, emphasize performance and results, and attract, motivate, and retain key employees. He is an experienced presenter on compensation within the real estate industry, including at conferences hosted by National Association of Real Estate Investment Managers (NAREIM), Young Presidents Organization (YPO), Pension Real Estate Association (PREA), ANREV, and NAREC/PeerSpan, as well as client-sponsored events. Prior to joining FPL, Mr. Anbil worked for Lincoln Financial Group. Earlier, Mr. Anbil worked at Hewitt Associates, Inc. and PricewaterhouseCoopers. Mr. Anbil received his B.S. in Finance from the University of Illinois, College of Commerce and Business Administration. FPL ASSOCIATES 5

6 Melissa B. Thelen is a Director in the compensation consulting practice. She focuses on helping privately-owned real estate companies assess the competitiveness of existing compensation programs and design and implement solutions that will attract, retain, and incentivize employees across the organization. Ms. Thelen has extensive experience conducting competitive MELISSA B. THELEN Director mthelen@fplassociates.com benchmarking projects, developing individual compensation recommendations, and creating high-quality client analyses, models, and reports. In her time at FPL, Ms. Thelen has worked on more than 350 private real estate projects in order to assist develop, design, and implement competitive compensation programs and incentive plans. Prior to joining FPL, Ms. Thelen was a Consultant within Deloitte Consulting s Strategy and Operations Practice. Ms. Thelen holds a B.S. in Business Administration, Finance and a B.A. in Public Administration from Miami University in Oxford, Ohio. Austin W. Morris is a Vice President with the compensation consulting practice. Working primarily in the private real estate sector, Mr. Morris helps clients develop market-competitive compensation solutions that align interests, emphasize performance and results, and attract, motivate, and retain key employees. Mr. Morris has spent his entire career as a compensation consultant AUSTIN W. MORRIS Vice President amorris@fplassociates.com and has extensive experience advising clients as it relates to the technical considerations of their compensation programs, including serving as a day-to-day resource to several Fortune 500 firms. His work has included equity plan consulting, employee classification, and due diligence for nearly 100 acquisitions. Prior to joining FPL, Mr. Morris was a Senior Consultant in the Compensation and Benefits practice with Deloitte. Mr. Morris holds degrees in Accounting and Political Science from Loyola University of Chicago. FPL ASSOCIATES 6

7 About FPL FPL is a global professional services firm that specializes in providing solutions to the real estate and a select group of related industries. Our committed senior professionals bring a wealth of expertise and category-specific knowledge to leaders across the real estate, infrastructure, hospitality and leisure, and healthcare services sectors. Comprised of two businesses that work together, FPL offers solutions and services across the entire business life cycle: Ferguson Partners With an emphasis on the right fit, Ferguson Partners offers services in executive and Director recruitment,. We also offer a full range of leadership services including CEO and senior executive succession planning, leadership assessment and coaching, and team effectiveness. Focusing on a wide array of business needs, assists with the assessment, design and implementation of compensation programs. We also provide organizational, financial & strategic consulting, bringing a wealth of industry and category-specific expertise to a broad range of projects. Our service offerings FERGUSON PARTNERS FPL ASSOCIATES EXECUTIVE SEARCH LEADERSHIP CONSULTING COMPENSATION CONSULTING MANAGEMENT CONSULTING Board/Trustee Recruitment Board Assessment Chairmen/CEOs/ Presidents Senior Management/ Corporate Officers Succession Planning Assessment for Selection or Development Executive Coaching Team Effectiveness Benchmarking Program Design Contractual & Policy Arrangements Surveys Strategic Planning Organizational Design Corporate Finance Specialized Research Our industry practices Real Estate Private Equity/Real Estate Investment Managers, Public (REITs) & Private Owners/ Developers, Property Services (Brokerage) Firms, Commercial Finance, Residential Mortgage Investment/ Finance, Homebuilders, Corporate Real Estate Hospitality & Leisure Lodging (Brands/Owners), Gaming Resorts & Sports & Recreation, Amusement Parks & Attractions Healthcare Owners/Investors/ Operators/Financiers of Seniors Housing, Hospitals, Health Care Infrastructure, Engineering & Construction Infrastructure Investing: Transport, Energy, Social Infrastructure; Construction & Engineering Mortgage Investment/ Casinos, Restaurants, Service Providers Our office locations CHICAGO HONG KONG LONDON NEW YORK SAN FRANCISCO SINGAPORE TOKYO TORONTO 2018 FPL Advisory Group. The Ferguson Partners recruitment practice consists of five affiliated entities serving FPL s clients around the world: Ferguson Partners Ltd. headquartered in Chicago with other locations in New York and San Francisco, Ferguson Partners Canada Co. in Toronto, Ferguson Partners Europe Ltd. headquartered in London with a Japan branch located in Tokyo, Ferguson Partners Hong Kong Ltd. in Hong Kong, and Ferguson Partners Singapore Pte. Ltd. in Singapore. Ferguson Partners Europe Ltd. is registered in England and Wales, No , Registered Office: 100 New Bridge Street, London, EC4V 6JA. Ferguson Partners Singapore Pte. Ltd. is registered in Singapore, Business Registration No. (UEN) H, Employment Agency License No. 12S6233. L.P., the entity which provides consulting services to FPL s clients, is headquartered in Chicago.