Description:
Develop a competitive executive compensation and rewards structure to attract and retain top leadership.
Duration: 10-14 weeks
Major Activities:
- Analyze executive pay trends and industry benchmarks
- Design compensation models (base pay, bonuses, stock options, etc.)
- Align executive incentives with company performance and shareholder value
- Define governance and approval processes for executive pay decisions
- Implement transparent communication strategies for stakeholders
- Monitor and adjust executive compensation structures as needed
Deliverables:
- Executive compensation benchmarking report
- Incentive plan design (bonus, equity, deferred compensation, etc.)
- Governance and approval framework
- Executive pay disclosure and compliance strategy
- Performance monitoring and adjustment guidelines
Project Tips:
✅ DO:
- Align executive pay with business performance metrics.
- Ensure transparency and regulatory compliance.
- Regularly benchmark against market leaders.
❌ DON’T:
- Offer excessive incentives without clear performance ties.
- Ignore shareholder perspectives on executive pay.
- Overcomplicate compensation models—clarity ensures effectiveness.