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BLR’s 2013-2014 Pay Budget Survey Data: How Do You Compare? The nearly 700 participants in this year’s edition of BLR’s 2013–2014 Pay Budget Survey show 19.2% of employers awarding merit increases of up to 2.5% in 2013 and 42.7% awarding increases of more than 2.5%, with 3.6% awarding increases above 5% of base pay. […]
How these companies respond could have a direct impact on their compensation administration in the future because regulators will provide guidelines that prohibit incentive compensation that encourages inappropriate risks (by providing excessive compensation) or that could lead to material financial loss. Legislation Affecting Executive Compensation: What is Say on Pay? Say on Pay "requires a […]
There are different types of incentives for executives, and taxation becomes increasingly important in compensation planning, says Wudyka, who is managing principal of Westminster Associates in Wrentham, MA. His tips came at a recent BLR/HRhero-sponsored webinar. Motivating Executives Is a Challenge Motivating executives is a challenge, says Wudyka, because their level of base compensation is […]
This will help you understand the key elements that every good executive compensation program includes, and ensure you’re knowledgeable about the broad strategies and concepts involved with designing (or re-designing) and administering a successful executive compensation program. In a BLR webinar titled “Executive Compensation: How to Design an Attractive and Cost-Effective Plan for Your Organization,” […]
The scandals were shocking, but at first, they seemed to impact just a few companies. The name Enron became familiar to everyone. The next wave of meltdowns took down some large investment banks, such as Merrill Lynch and Bear Stearns, and more people were affected. The public outcry over how executives at these companies were […]
As part of the Human Resources team who has significant compensation expertise, you may be feeling a little, well, left out. The climate around executive compensation is complicated right now, including both increased regulation and increased outrage (not coincidental, by the way). It may have your compensation committee bringing in the big guns—external resources called […]
Last year Goldman Sachs paid its five most senior employees a collective $69.5 million dollars. Chief Executive Lloyd Blankfein may have claimed that he was doing “God’s work,” but four orders of nuns beg to differ. The Sisters of Saint Joseph of Boston, Sisters of Notre Dame de Namur, the Sisters of St Francis of […]
Myron Ullman III, CEO and Chairman of J.C. Penney, received a total compensation package worth $12.3 million dollars in 2010, a 48% increase from last year, according to the Associated Press. Bloomberg Businessweek reports that while Ullman’s base salary of $1.5 million remained unchanged from 2009, his other benefits far outweighed those of last year. […]