HR in Financial Services
To the hkp/// media library
Building a new market leader for People & Investment
Marsh McLennan’s Mercer to acquire hkp///group
Building a new market leader for People & Investment read more ...
Oliver Baierl, a high-profile HR and regulatory expert from the financial sector, joins hkp///group
hkp/// group strengthens strategic HR consulting
hkp///group appointed Oliver Baierl as its new Senior Director on October 1st, 2023. He joins from KfW Bankengruppe, where he has held various positions since May 2015 – most recently as Head of Compensation & Benefits. read more ...
Amended version of the “Institiutsvergütungsverordnung” (IVV 4.0) published
Remuneration Ordinance for Institutions 4.0 finalized
On September 24, 2021, the amended version of the Remuneration Ordinance for Institutions (Institutsvergütungsverordnung, IVV 4.0), which had been expected since the beginning of the year, was published in the German Federal Law Gazette. read more ...
Conducting external market comparisons for companies in the financial services sector
Surveys & Benchmarking
Finding the “right” level and structure for employee compensation is a sensitive issue. Compensation surveys and individual benchmarks can help to find answers for compensation policy decisions. read more ...
hkp/// group experts Isabel Jahn and Petra Knab-Hägele interviewed by hkp.com
IVV 4.0 – What lies ahead for German institutions
The consultation draft for the new version of the Remuneration Ordinance for Institutions (IVV 4.0) preoccupies HR managers in financial institutions. hkp.com talks with Isabel Jahn and Petra Knab-Hägele about the upcoming changes. read more ...
Petra Knab-Hägele and Holger Jungk interviewed by hkp.com
HR digitization in banks: the crisis as a catalyst
Fintechs and online provider have long been challenging traditional banks. Now the corona crisis is increasing the pressure to become more efficient digitally. HR can contribute to this. Petra Knab-Hägele and Holger Jungk explain how. read more ...
hkp/// group appoints Isabel Jahn as Partner
Financial services expert as new member of the Management Board
Isabel Jahn, an expert in HR and compensation management for financial service providers, is new partner and board member at management consulting firm hkp/// group. read more ...
Translating business objectives into individual performance requirements
Performance & Talent Management
Businesses in the financial services sector are increasingly focused on finding and developing the right kind of talents, and also on designing efficient processes for both cost and succession planning. read more ...
Support by consulting and management experience
Transformation, Consolidation and Restructuring
Banks, insurance companies, asset managers and financial service providers are under increasing pressure to rethink their business models and internal structures, with far-reaching changes often being inevitable. read more ...
The various regulatory requirements pose a variety of questions for regulated companies
Regulatory Framework
The German InstitutsVergV and VersVergV, and the EU Guidelines on Sound Remuneration Policies etc. have raised the stakes for companies to operate both efficiently and regulatory compliant. read more ...
Developing and implementing individual grading solutions
Job Evaluation & Grading
Job evaluation is an important basis for talent management, remuneration policy and new requirements, such as gender pay gap analyses. But many companies feel that the established analytical approaches are no longer fit for purpose. read more ...
Supporting strategy and rewarding success
Incentive and Bonus Systems
Short- or long-term bonuses, payment in cash or instruments, a stake or via a carried interest scheme? Remuneration systems must support strategy so that objectives are achieved and success is rewarded appropriately. read more ...
The appropriateness of remuneration systems and payments
Management & Supervisory Board Compensation
Public and media interest on the one hand, and demanding requirements of regulators and investors on the other, must be reflected in the compensation schemes of chief executives, management and supervisory boards. read more ...
Remuneration systems that meet the requirements of various divisions and functions
Compensation for Specific Employee Groups
The remuneration systems landscape has become extremely complex due to variable compensation for risk bearers being abolished, and risk-adjusted pay being introduced for executives, experts and autonomous monitoring units. read more ...
Individual Solutions based on the relevant Standards
Total Rewards, Remuneration Strategy & Principles
One of the most critical tools for sustainable corporate success is developing a budget-sensitive and efficient remuneration strategy that meets the needs of an organization’s employees. That is the challenge. read more ...
Overview IVV rule changes
Clawbacks and stricter rules on compensation
The new Institutsvergütungsverordnung brings stricter compensation regulations for banks in Germany - among others by clawbacks. read more ...
hkp.com spoke to Isabel Jahn and David Voggeser
Greater Transparency for greater Wage Equality
What should companies be doing to achieve greater equality of salaries and income for men and women in light of the new draft legislation from the Federal Ministry for Family Affairs, Senior Citizens, Women and Youth? read more ...
Personnel Support and Interim Management
On-Site-Support
Whether you a need an experienced senior manager to take charge of your HR department or a team of young consultants to help you implement a new HR tool, we have the right solution for you. read more ...
Petra Knab-Hägele interviewed by hkp.com
When compensation regulation misses the mark
On December 21, 2015 the EBA published its final "Guidelines on sound remuneration policies and disclosures" as required by the Capital Requirements Directive (CRD IV). Petra Knab-Hägele on contents and consequences. read more ...
Between regulatory Requirements and voluntary Best Practice
Evaluating Supervisory and Executive Committees at Financial Institutions
Initially overlooked, the January 2014 amendments to the German Banking Act (KWG) tightened up the requirements for evaluating supervisory committees at financial institutions. hkp.com spoke to Petra Knab-Hägele and Regine Siepmann. read more ...
Individual performance management systems
Measurement and sustainable compensation for management bodies and risk takers
hkp/// group helps companies design and implement risk-adjusted performance measurement processes at an institutional and organizational level. We also develop suitable incentive and performance parameters for risk takers. read more ...
Support for implementing, appointing and training
Compensation control committees, compensation officers and compensation control reports
hkp/// group helps organizations with implementing the compensation officer function at banks, with the appointment of officers, their ongoing training and the exercise of their duties. read more ...
Disclosing compensation data of banks and financial services firms
Compensation reports Financial Services
Working alongside you, hkp/// group draws up compensation reports based on your compensation systems. These reports take into account the full depth and breadth of information required by the relevant legislation. read more ...
Focus on regulations and incentives
Sales compensation in retail and corporate banking
At hkp/// group, we understand the business and sales concepts used by financial institutions. As a result, we are able to develop models for sales functions that provide incentives, while ensuring compliance with regulations. read more ...
Checking regulations, structure and best-practice requirements
Evaluating supervisory boards under the requirements of the German Banking Act (KWG)
With the European Center for Board Efficiency, hkp/// group has developed an evaluation for checking the regulatory requirements for the supervisory board's work, and at the same time monitoring the best-practice requirements. read more ...
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