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Eliminating Obstacles and Delivering the Benefits of the Smart Grid - IBM's Optimized Energy Value Chain (OEVC) Sep 14 2010 - 2010-01-01 12:00:00 - Your City The convergence of power and information technologies in the smart grid has created opportunities for finer grained and broader controls of energy flows. These opportunities can improve electric service in multiple dimensions: lower cost, greater reliability, greater customer satisfaction, and more... Achieving Operational Excellence - What to Consider Before Implementing or Upgrading Your Distribution Management Solutions Sep 16 2010 - 2010-01-01 12:00:00 - Your City Significant cost over runs. Changing business requirements. A well thought out plan is essential. Attend this free webcast discussion to hear inside hear three experts in utility operations discuss what utilities need to evaluate when they are considering upgrading or more... Outsmarting the Smart Grid: IT, Security and Communication Infrastructure Challenges & Opportunities for Utilities Sep 21 2010 - 2010-01-01 12:00:00 - Your City The smart grid is shifting the playing field for utilities. And when the game changes, it pays to be prepared. A nimble solutions partner can help you design the solutions that keep operations on track, even as new challenges come more... All Webcasts » 1st CSP Today Concentrated Solar Thermal Power Summit India Sep 7 2010 - Sep 8 2010 - New Delhi India Deliver a profitable, productive and commercially successful large scale CSP business in India. Building on the success of past events in USA, Europe & MENA, CSP Today brings to New Delhi the most relevant international experience for the concentrated solar more... Offshore Wind Energy in North America's Great Lakes Conference Sep 9 2010 - Sep 10 2010 - Toronto Two day conference that tackles the most important challenges. A blend of European knowledge from the companies who have been installing offshore wind turbines for the last decade alongside local state governing bodies and leading project developers. Permitting, securing long more... Autovation 2010 Sep 12 2010 - Sep 15 2010 - Austin, TX - USA Autovation 2010 is a not-to-miss educational forum that will attract utility executives from around the world looking for new ways to optimize their operations through automation technologies. more... Global Sustainable Bioenergy North American Convention Sep 14 2010 - Sep 16 2010 - Minneapolis, MN - USA The North American convention provides a remarkable opportunity to play a part in guiding renewable energy policy for the 21st century. Attendees will create a resolution that, along with similar resolutions already drafted on four other continents, will help set more... 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Lori Wisper

Senior Consultant Hewitt Associates
	Member Since: 03/05/10 Author Rating: New Article Count: 1 Email this author

Background

Lori is a senior consultant in Hewitt's Talent and Organization Consulting Practice, located in Lincolnshire, Illinois. She has over 20 years of experience both in consulting and corporate HR, primarily focused on Compensation. She has consulted with clients on broad based compensation issues including global compensation strategy and design, total compensation strategy, incentive plan and base salary design, sales effectiveness and sales compensation, performance management and compensation processes and administration.

In addition to over 16 years with two other national compensation consulting firms, Lori spent five years working as the Director of Global Compensation within the corporate HR function of several companies. The combination of strategic thinking, technical expertise and practical experience has enabled her to advise companies on how to effectively design and implement new reward programs, processes and technologies. Prior to coming to Hewitt, she was the Director of Global Compensation for Discover Financial Services and for Underwriters Laboratories Inc. Some of the projects and initiatives that Lori has led include:

Setting global compensation strategy and pay philosophy along with the creation of a global career banded salary structure;
Leading the HR related aspects (compensation, benefits and HRIS programs) as Project Manager for the spin off of a major division of a Fortune 100 company;
Global sales compensation framework that consolidated 14 diverse sales compensation plan into one globally consistent framework;
Developing and administering international assignment policies, international relocation policies and negotiation and creating offer letters for international positions;
Working with executives and other business leaders to design annual incentive plans and other variable pay plans directly tied to business strategy;
Redesigning salary structures and supporting salary administration programs (including performance management systems) to better support business and human capital strategies; and
Developing and delivering compensation related training and education sessions.

Lori has a B.S. from University of Illinois and an MBA from Loyola University of Chicago. She has written articles for World at Work's magazine, WorkSpan and delivered speeches and workshops for the Chicago Compensation Association, the Human Resources Management Association of Chicago (HRMAC) the Minneapolis Compensation Association, the American Financial Services Association, the Milwaukee Area Compensation Association and the International Foundation of Employee Benefit Plans. She has authored studies on Broad Based Severance Plans and Economic Trends in Compensation and been quoted in the Wall Street Journal, Crain's Chicago Business, and other publications and has appeared on the television show "First Business".

She is currently working on developing innovative ways to effectively tie total rewards to performance through better management decision tools.

Articles

3.5.10

Doing More With Less: Paying for Performance in the New Economic Reality

Topic: Human Resources

Article Viewed 1605 Times; Comment on this article

The "great recession" of 2008-2009 has resulted in unprecedented cost-cutting actions for most organizations - especially cuts related to compensation. The issue of how economic conditions have impacted overall compensation costs (and how to effectively manage those costs) has painted 2009 and 2010 as a period like no other in recent memory.

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