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by Matthew H. Parker Senior-level employees often enter into contracts stating they will receive separation pay if their employment is terminated unexpectedly. For example, employers often promise executives severance pay unless they are fired “for cause.” Other times, a company will promise that an executive can resign and collect severance pay following a change in […]
Yesterday, we looked at new executive compensation disclosure rules proposed by the Securities and Exchange Commission (SEC). Today: who’s covered by the rules, and how to calculate executive compensation that was actually paid out over a given time period.
The BlueSteps Executive Compensation Report, recently released by the Association of Executive Search Consultants (AESC), reveals that almost half (44%) of executives at the CEO/president level experienced a rise in total compensation in the last fiscal year.
Is your company bringing a new executive on board sometime soon? How do you decide the appropriate level of compensation? How do you align executive compensation goals with the overall company compensation philosophy?
Nearly three-quarters of newly hired corporate executives are now treated like their rank-and-file when it comes to retirement benefits, with few being offered the traditional “top-hat” defined benefit plan that used to be as common as a company car and stock options for senior managers. In making this transition away from DB plans, however, some […]
Designing your executive pay plan can be daunting—you need to consider a whole host of factors, such as the company's goals and the competitive environment. Let's take a look at some design considerations for effective executive pay plans.
One of the first things that comes to mind when figuring out how much to pay someone in an executive role is either conducting or purchasing a market study. However, there are several other things that must be completed first.
Designing your executive pay plan can be daunting—you need to consider a whole host of factors, such as the company’s goals and the competitive environment. Let’s take a look at some design considerations for effective executive pay plans.
Executive compensation levels can set the tone for the competitiveness of the organization. How a company defines its executive compensation philosophy will determine how much is offered to executives, which will in turn influence the strategic direction of the organization. For example, does your organization strive to hire only people who perform higher than all […]
Designing an executive pay plan requires a lot of facets to be considered, not the least of which is: how high should executive pay be? But the exact amount is far from the only consideration. How should an organization decide to pay executives? Is there a formula to use? Unfortunately, it’s seldom that simple, and […]