05-07-2008, 11:51 AM
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| | | Join Date: Dec 2007 Location: Pondichery
Posts: 353
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 Executive Compensation Analysis
Executive Compensation Analysis Issues: - Board of Directors wanted to align total compensation package for Senior Management with competitive market
- Board wished to implement formal incentive compensation program, including short- and long-term incentive awards
- Wanted to tie incentive awards to demonstrable results
Solutions:
- Interviewed Board members in order to understand the organization's culture, and confirm their position on compensation
- Interviewed executives to fully understand their duties and responsibilities
- Conducted a market analysis to determine the competitive market utilizing published survey and peer proxy data
- Developed appropriate salary grades and ranges for Senior Management
- Provided recommendations to the Board of Directors regarding base salary, annual incentive, and long-term incentives
- Designed the plan documents covering the short- and long-term incentive programs, and assisted with each program's on-going implementation
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