The Complete Guide to Executive Compensation

The Complete Guide to Executive Compensation

<p><b>Strategies for gaining a powerful edge in the executive talent wars</b></p> <p>The competition for executive talent is fierce, making it imperative that executive compensation programs become an integral part of every company's strategic business plan. <i>The Complete Guide to Executive Compensation</i> provides in-depth coverage of current issues and trends in designing and administering executive compensation packages that are strategically, economically, and culturally sound.</p> <p>Renowned compensation and benefit expert Bruce Ellig begins by providing guidance for board members and company executives on defining a company's organization, culture, and business strategy, in order to establish a framework for executive compensation. He then discusses the often difficult­­but essential­­issues within that framework, including:</p> <ul> <li>Pay positioning­­relative to the competitive environment <li>Risk profile­­the mix of salary, incentive compensation, and benefits <li>Leverage­­the relationship between incentive plan payouts and performance <li>Timing­­the mix of short- versus long-term incentive programs <li>Incentive plan design­­objectives, performance measures, and participation </ul>