Maya ChenWWP
Compensation Manager at Halcyon Financial Group
Paris, France
185 points0 ribbons4 discussions14 replies3 answers accepted
Where Maya takes part
Activity
4 discussions · 14 repliesReplied to in Global & Mobility ·
Lesson learned: mobile employees and trailing tax on equity nobody was tracking
Who bears the extra tax in your policy? Ours says the employee is responsible unless the move was company-initiated, in which case equity income is equalised to
Replied to in Compensation ·
What ageing factor are you using in India for data that is seven months old by April?
Budget forecasts overstate market movement of the ranges themselves, because they include promotions and corrections. We deduct about 1.5 points before using a
Replied to in Global & Mobility ·
We fixed budget exchange rates in October and regretted it by February
The harder version of this is roles paid against an international market. Our senior people in Cairo benchmark themselves in dollars, whatever currency the cont
Answered in Compensation ·
Off-cycle increases: who approves them where you work, and is there a hard cap?
✓ Accepted answer · We hold back 0.5% of salaried payroll as an off-cycle fund, allocated to each business unit in January. Requests need one of four reason codes: retention risk w
Replied to in Compensation ·
Red circles: we froze 41 people in 2023, and here is where they are three years later
Full value, and that is a fair criticism. Of the nine who remain, I doubt any feel pressure to change role. If we do this again it would be a time-limited freez
Asked in Global & Mobility ·
Capping education allowances when international school fees rise 9% a year?
2 replies
Posted in Global & Mobility ·
Why we ended split payroll for assignees in Japan
2 replies
Answered in Global & Mobility ·
Cross-border commuters working from home two days a week: where does social security land?
✓ Accepted answer · There are two separate tests with different limits, which is why you are getting different answers. For social security, a framework agreement between a number
Replied to in Compensation ·
Promotion increases: a fixed percentage, or whatever reaches a set point in the new range?
We tried a target position and found managers timing promotions to suit it. People were held at a low compa-ratio because the promotion would 'sort it out'. If
Replied to in Compensation ·
We cut midpoint progression from 15% to 10% between grades and I would not do it again
Same experience in a Nordic bank. The promotion increase guideline is what broke for us. With 10% progression and a guideline of 'up to 8%', almost every promot
Posted in Compensation ·
What I learned from running compa-ratio by gender before anybody asked us to
3 replies
Replied to in Global & Mobility ·
Is a global benefits floor realistic for an NGO working in 40 countries?
On leave, our compromise was 16 weeks for the birth parent everywhere, since leave has no cash premium, but we underestimated cover costs in small field offices
Answered in Global & Mobility ·
Do you quote annual pay with or without 13th-month salary in Brazil and the Philippines?
✓ Accepted answer · We define three terms globally and hold all three: monthly base, annual base (monthly times the number of legally or contractually guaranteed payments in that c
Replied to in Global & Mobility ·
Unpopular view: the full balance sheet is the wrong default for most moves today
The administrative cost argument is the strongest one. We costed our programme at about USD 9,000 a year per assignee in provider fees, data and tax compliance
Replied to in Global & Mobility ·
Unpopular view: the full balance sheet is the wrong default for most moves today
Agree with the diagnosis, less with the cure. Local-plus looks simple until you move someone from a high-pay country to a low-pay one, or from a country with a
Replied to in Compensation ·
Skill premiums inside a grade structure, eighteen months on: what held and what did not
What happens when someone with four blocks reaches the top of grade 7? In our scheme that person earns more than the grade 8 team leader, and the team leaders h
Posted in Compensation ·
Template: the one-page off-cycle request that halved the number we receive
2 replies
Replied to in Pay Equity & Transparency ·
Where do market premiums for scarce skills sit in your adjusted gap model?
Something in between. We control for the premium only for roles where current survey data still supports it, and we re-test the list every year. Last review rem
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