Description:
Develop a competitive total rewards strategy tailored for executives and senior leaders.
Duration: 12-16 weeks
Major Activities:
- Benchmark executive compensation across industry and market trends
- Design total rewards package (salary, bonuses, long-term incentives, etc.)
- Align leadership incentives with shareholder and company objectives
- Establish governance and approval mechanisms
- Develop transparency and compliance strategies
- Monitor executive compensation effectiveness and make adjustments
Deliverables:
- Executive total rewards strategy document
- Industry benchmarking and competitive analysis report
- Long-term incentives and stock option plan
- Governance and compliance guidelines
- Compensation effectiveness tracking framework
Project Tips:
✅ DO:
- Ensure executive pay is tied to long-term business success.
- Maintain compliance with regulatory and shareholder expectations.
- Use incentives to drive sustainable leadership performance.
❌ DON’T:
- Create excessive gaps between executive and employee pay.
- Over-rely on short-term incentives—balance is crucial.
- Ignore transparency—stakeholders expect accountability.