Advisory

We are a sounding board for remuneration committees and management in all compensation and benefits queries, market trends, best practices and design of short and long term programs.

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Data Services

Novare Compensation has an extensive database on compensation data in various industries across the Nordic and Baltic regions. Every year, we conduct a number of compensation surveys for executives and for the financial service industry.

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Infrastructure

Together with industry leaders or using stand-alone solutions we help companies administrate all aspects of compensation, from flexible benefits and short-term incentives to long-term programmes.

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Outsourcing

Some of our clients choose to outsource parts or all aspects of compensation & benefits to Novare Compensation.

 

For further information, please contact us. Contact Us

Welcome to Novare Compensation AB

Novare Compensation helps companies design effective compensation systems for key employees, executives and non-executive directors. The objective is to create compensation systems that are adapted to the company's requirements, which not only reflect the company's overall business strategy but also unique business drivers and value creation.

 

Novare Compensation is a part of Novare Human Capital which is partly owned by Investor AB.

 

Education and Executive Seminars

Together with Stockholm School of Economics, IFL Executive Education, we conduct a number of seminars every term. The purpose is to educate board and management in regulation alignment and trends, best practices etc. Please see www.ifl.se for next seminar.

 

Together with a leading consultancy firm in corporate communication, Hallvarsson & Halvarsson www.halvarsson.se we educate remuneration committees and board of directors in compensation and media relations.

We support Ecpat International

Novare Compensation AB supports Ecpat International. Please see www.ecpat.com for further information.

 

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News

Novare Compensation evaluates state-owned enterprise guidelines for terms of employment for senior executives 2010-07-16

Reasonable and balanced compensation to senior executives is an important matter of trust for state-owned enterprises and for the industry in general Read More... (Swedish)


EU parliament backs tough bonus rules 2010-07-08

Tough new rules restricting bankers' bonuses in Europe were approved by European Union lawmakers in Strasbourg on Wednesday (Written in English) Read more


Bloomberg on pay cuts for top finance CEOs 2010-06-17

Several CEOs at financial services firms participating in the TARP have received pay cuts, in some cases companies have gone as far as to pay their leaders a symbolic $1 salary.

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City ‘buybacks’ return to retain staff 2010-06-14

Employers are dangling lucrative counter-offers to staff considering defecting to a rival as bidding wars return to London’s financial sector

Read more... (English)


Executives against FSA split, survey says 2010-06-14

Bankers and chief executives support principles of greater transparency and tougher regulation, but opposed many of the proposals so far

Read more... (English)


FSA head of risk set to quit 2010-06-11

The Financial Services Authority, already under threat of reorganisation from the new coalition government, is losing its top female staff member, as Sally Dewar plans to announce that she will step down as head of risk early next year.

Ms Dewar had been seen as one of the strongest candidates to replace current chief executive Hector Sants, who is leaving later this year, but she told staff Friday that she had ruled herself out of the competition.

Read more... (English)


Wage demands pose threat to Premier League 2010-06-08

A report shows that buoyant gate receipts and TV revenues helped England’s top flight to generate nearly £2bn last year, compared with £1.3bn attracted by its rival European leagues

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EU takes action to protect against future crises 2010-06-07

The EU commission proposed that credit rating agencies are to be supervised by the EU, launching a public debate on the manner in which financial institutions are run.

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Foxconn wants clients to share wages burden 2010-06-07

Foxconn, the world’s largest electronics contract manufacturer, expects its customers – which include Apple, Dell and Sony – to help shoulder the burden of a large wage increase for its factory workers.

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LSE chief Rolet pockets bonus of £1m 2010-06-04

Xavier Rolet is to collect a £1m ($1.4m) bonus after a year as chief executive of the London Stock Exchange, but his salary remains unchanged at £650,000, 20 per cent more than Clara Furse, his predecessor.

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Swedish wages increase by 3.0% 2010-06-03

Swedish private and public wages increased by 3.0% in the year to March, according to the National Mediation Office.

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EU to Raise Pressure on Bank Pay: EU Sources 2010-06-02

The European Commission will on Wednesday announce its intention to extend pay curbs in the financial sector and tighten control of credit rating agencies, EU sources said on Tuesday.

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Bankers’ ‘doomsday scenarios’ under fire 2010-05-31

Banks are exaggerating the economic effects of the regulations they are likely to face in the coming years, the economist running an international impact study has told the Financial Times. Read more... (In English)


Morgan Stanley Raises Chairman John Mack’s Salary to $2 Million 2010-05-29

Morgan Stanley more than doubled Chairman John Mack’s annual base salary to $2 million, the first increase since he rejoined the firm in 2005.

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Benefits system faces radical overhaul 2010-05-28

A spectacular simplification of the benefits system, designed to make even very part-time work pay and to remove what are in effect penal rates of taxation on the working poor, was promised on Thursday by Iain Duncan Smith, the work and pensions secretary.

Read more (In English)


Wages at Foxconn to be raised by 20% after wave of suicides 2010-05-28

The Chinese contract maker of electronics produces most of Apple's products, does work for HP, Nokia, Dell and others, and is China's largest employer. After seeing ten suicied since the start of the year, Foxconn's Taiwanese parent company has decided to raise salaries from the current $140 base.

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Viacom Raises New COO’s Target Bonus to $9.5 Million 2010-05-28

Viacom Inc.’s Thomas E. Dooley, promoted yesterday to the new post of chief operating officer, had his target annual cash bonus raised to $9.5 million.

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British Airways Weighs Cost of Compromise Against 20-Day Strike 2010-05-27

British Airways CEO Willie Walsh is in for a toughdecision. Standing his ground against cabin crew workers and riding out a strike may cost the equivalent of 75 percent of projected annual profit.

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Blankfein nearing Buffett in Wall Street CEO Pay list 2010-05-26

In 2009, many of the CEOs of big financial firms shunned the huge paydays that embarrassed them during the meltdown of 2008. Lloyd Blankfein, CEO of Goldman Sachs Group Inc., whose $40.95 million in compensation ranked him No. 1 in 2008, fell to No. 48, with $862,657, right next to Berkshire Hathaway Inc.’s Warren Buffett, who made $175,000.

More (In English)


The jobs that pay least 2010-05-26

Statistics Sweden has released their annual list of average salaries for different occupations. Gardening, hotel and restaurant work are at the bootom of the list.

Read more (In Swedish)