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Eversource explains incentive pay and scorecards; OCC and PURA ask for calculation detail
Summary
Eversource HR witnesses described the company’s incentive pay process, including target pay percentages, manager discretion across goal-setting and scorecards, and how payouts are allocated; OCC questioned how officer payouts tied to earnings-per-share targets are determined and asked for supplemental documents.
Eversource’s human-resources and compensation witnesses described the structure and administration of the company’s variable incentive plans during cross-examination at the late-file exhibit hearing.
Structure and administration: Company witnesses said employees receive a target incentive percentage (e.g., 8% for the example shown), which becomes a dollar target when multiplied by base salary. Managers receive a discretionary pool for their teams and allocate payout dollars based on individual performance ratings and company guidance. A manager may allocate different percentages to employees who share the same rating (for example, two…
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