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Lawrence Associates
focuses on the compensation elements of human resources consulting
services for tax-exempt health care, colleges and universities,
associations, foundations, and technology-based, private and service industry
organizations. See compensation-related
IRS regulations, notices and articles under News. See
available Publications.
Senior Statistician and Survey
Specialist Joins Lawrence Associates
Hongsheng Wu joins
Lawrence Associates with extensive statistical and computer science
training. He has an MA in Biostatistics, and is a PhD
candidate at Boston University. He has an MS, and serves
as an Associate Professor in Computer Science at Wentworth Institute
of Technology. He has been involved in a variety of computer
science - related and statistical projects, including compensation
surveys and analysis.
Partner Joins Lawrence Associates
Richard M. Lucash,
founder of the law firm of Lucash, Gesmer
and Updegrove, where he was a senior partner, and most recently a senior partner
with the law firm of Eckert Seamans in the Business Division, has
joined Lawrence Associates. Mr. Lucash has focused on organizational, capital formation, founder and management
compensation and other legal and business issues for high
technology companies, and has advised the organizations and
individuals who invest in those companies. He has been actively
involved with the venture capital community. His involvement
with raising capital includes his formation of the LaunchPad
angel investment group. Mr. Lucash’s experience
includes working with companies involved in a wide range of
technologies, including computer software and medical device
companies, Internet-based electronic commerce and interactive
media businesses, and nanotechnology applications.
 Please
check out Lindalee Lawrence's chapter on executive
compensation and wage and salary administration in Aspen
Publisher's Health Care Human Resources Administration
Manual by Ken Kruger.
Executive Compensation
- assistance to management and Board members with competitive
analysis, compensation strategy, compliance with Intermediate
Sanctions, CEO compensation, incentive plan design, capital accumulation, perquisites,
benefits and response to media and public disclosure.
Incentive, Recognition and Reward Programs - incentive
compensation, salary comparison, classification, physician compensation, team-based compensation,
management compensation, wage and salary administration, performance
evaluation, competency-based pay, broadbanding, skill-based pay and
other reward programs. Ms. Lawrence is currently developing a
White Paper for the ASHHRA National Variable Compensation Committee.
She published an article on "Designing an Incentive Program that
Works", January 1998, Healthcare Financial Management.
Custom Competitive Analysis and Salary Surveys - custom-designed
competitive market salary surveys ranging from one to one hundred or more
positions in selected national and local geographic areas, covering
executive and management compensation issues, physician compensation
issues, wage and salary and related areas.
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Audits: Intermediate
Sanctions Certification 53, 301 and 602, Excise Taxes on Excess
Benefit Transactions: Final Rule and Proposed Rule As
described under the Intermediate Sanctions Rules, Lawrence Associates
offers audits and certifies that we meet the requirements 26 CFR,
Section 53.4958-1T, paragraphs (d)(4)(iii)(C)(1) through (3).
Lawrence Associates holds itself out to the public as compensation
consultants. The Firm performs the relevant valuations on a regular
basis, and is qualified to make valuations of the type of property or
services involved. This certification is supported by the
professional profiles of Lawrence Associates’ consultants, by
marketing materials and the web site by our client base and projects.
Contact us for an audit.
- Assisting a large Massachusetts foundation and several
foundations nationally with reviews of reasonableness of compensation
- Assisting a major
university with
executive compensation review and comparison to cross-industries.
- Assisting clients in responding to public disclosure of
executive compensation and reasonableness concerns.
- Developing and leading custom executive compensation salary
surveys to satisfy Intermediate Sanctions requirements.
- Assisting with
resolution of complex executive compensation decisions related to executives in
transition.
- Conducting annual
salary surveys covering Massachusetts, Greater New York, Northeast, and New Jersey
multi-facility institutions.
- Conducting a New
Jersey Executive Compensation Survey.
- Providing
educational seminars for CEOs and trustees in affiliation
with the Healthcare
Trustee Institute.
- Assisting nationally-recognized healthcare
systems with restructuring compensation programs, linking the programs to lateral career
growth and skill attainment, including revision of job evaluation approaches to encompass
competency-based pay, incentive pay design and performance management.
- Developing a well-received incentive
program that provides substantial monetary rewards to both employees and the hospital.
David Kirshner, former Winchester Hospital CFO, says, "This program has exceeded our
expectations. During periods of net revenue compression, this is a tool that organizations
should use." See January 1998 article in Healthcare Financial Management.
- Implementing executive and middle
management incentives designed to achieve strategic planning objectives on an annual and
longer-term basis.
- Conducting physician compensation surveys
and trend analysis for major medical groups and universities.
- Restructuring compensation for merging and
consolidating organizations. Implementing broader bands of pay with concomitant management
training.
- Assisting large and small employers in
developing competencies for clerical, direct service and other positions.
- Conducting the
Annual Spring and Fall Wage and
Salary Surveys for the New Jersey Hospital Association covering 200 employers and
200 jobs.
- Conducting quick turnaround Hot Jobs surveys.
- Conducting the annual
Massachusetts CEO Compensation
Survey.
- Conducting surveys of physician
compensation practices including salary, other compensation, stipends, consulting, working
hours, on-call practices and the like.
- Conducting the
annual AHHRA of Greater New York Executive and Management Compensation Survey covering large, multi-institutional systems.
- Conducting executive and management salary surveys for
Southern New England CUPA-HR.
- Conducting online surveys, paper and electronic salary
surveys of salary and incentives,
perquisites, executive titling, shift differentials, employment practices and
the like.
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