The cumulative information on the four quarterly reports adds up to the information on the annual report.

The quarterly reports are more detailed. The annual report provides similar data in summary form.

The annual report is required and the quarterly reports, while commonly used, are optional.

The quarterly reports are not as detailed as annual reports, and might not match due to changing accounting estimates over the year.

Demonstrate how it is aligned to the rewards philosophy, principles and organizational business strategy

Provide details on the plan design and measures and how they will be administered to employees at different levels

Make the case that a self-funded plan poses no risk to the organization while creating the potential for significant gains

Identify in advance the priorities of the various stakeholders and design your presentation to address any objections or perceptions they may have

Recognize possible issues and concerns that will drive budget planning

Prepare quarterly and annual reports and their associated statements

Withhold payroll taxes for all elements of compensation

Anticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle

Compiling data needed to calculate salary budgets and merit increases

Identifying trends and key messages emerging over time

Reviewing historical trends to complete annual budgets

Providing quarterly incentive estimates for accruals

Financial Management

HR Management

Resource Management

Policy Management

Operational excellence

Product/service leadership

Customer intimacy

Brand loyalty

Explained throughout the mission, vision, values and strategy

Implied in the mission, vision and strategy and specifically explained on the organization’s website

Reflected in the mission, vision, values and strategy although often not stated directly

Documented internally but not released to the public to protect trade secrets and maintain competitive advantage

Start-up

Growth

Mature

Decline

Whether to improve productivity, obtain new operating capital or generate new sales growth

Whether to reinvest in existing products, create new products or maximize profits with current products as long as possible

Whether to acquire competitors with greater market share or merge with more successful companies

Whether to increase sales, maximize distribution capacity or increase efficiency to meet growing demand

Ensuring they are appropriately selected, developed, appraised and rewarded

Monitoring individual employee career paths and succession planning

Communicating regularly with line management on performance management

Ensuring that all regulatory and voluntary payroll deductions are properly administered