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Thank you so much for taking time to post your thoughts, we’re certainly working very hard to ensure our employees feel both safe, during these unprecedented times, and valued for their contributions to our collective success. In some roles and functions, unusual hours may be required, but we strive to keep this balanced, based on the work and timeline required. We realize the impact this may have on engagement, as you point out, but we’re redoubling our commitment to work on these issues and accelerate our pace of progress. While we know we have some way yet to go, Finance leadership this year has been very focused on ensuring you have transparent communication from your senior leadership, more engagement and support from your direct managers, the opportunity to pursue a variety of learning experiences, and team forums in which you can share your concerns and ideas. These things are the foundation on which we’ll build an ever-better Finance organization and experience.
As you note, the company began work some time back to standardize job titles, roles and levels, and launched a more universal approach to benchmark all facets of compensation, cash and non-cash. This process has taken longer than we’d like, but you’ll be happy to know that Finance asked to be one of the first groups to pilot this program, and as a result is in the lead position to roll this out very soon, likely before the end of Q1. While this won’t mean a change in compensation for everyone, it is a step in the right direction! And for sure, having visibility into what potential career paths can look like will be too.
Lastly, as you point out, the company did reduce the match for the 401K during the height of the pandemic, as a part of a robust resiliency plan. The company had always planned to restore the match as the right time presented itself, and we have done that. While the new arrangement funds some of the match throughout the year and the balance at the end, we now have an opportunity for an even larger match than we had before, if we outperform. We believe this to be an innovative approach, that will keep our 401(k) program an attractive and competitive component of our total benefits offering as it always has been.
Again, thank you for your input - we’re committed to making Finance and Cetera successful, and we need your contributions, talent and ideas to help us continue to improve and grow together!
