Optimizing Compensation Incentive Plans and Processes
September 17, 2019
< 1 Minute Read
Our Client with more than 3,000 plan participants worldwide needed to quickly replace their departing internal stock administrator to process stock-based transactions and manage employee communications.
Bringing deep expertise and experience with E*TRADE’s administration platform, RGP was able to offload the work of our Client’s in-house administrator and eliminate the need for their outsourcing contract with E*TRADE. Our team quickly implemented a more streamlined approach, increasing service levels while reducing costs.
What We Did
- Consulted with our Client’s general counsel, who oversaw plan administration.
- Proposed a more efficient, cost-effective approach, with RGP picking up tasks that were previously handled by our Client’s internal resource and E*TRADE.
- Hit the ground running immediately, thanks to our expertise and and experience with E*TRADE’s Equity Edge Online.
Impact
- Helped our Client renegotiate their contract with E*TRADE, allowing RGP to handle plan administration.
- Took on the workload of the internal stock administrator, enabling our Client to reallocate a resource to contracts administration.
- Significantly improved response time to employee inquiries and extended hours of support to a 12-hour day.
- Helped develop import files to streamline processing.