Comp and Benefit Planning Executive

There are any number of factors that should be considered to determine the appropriate components and compensation-levels in your executive compensation and benefits package. From our experience, we would recommend the approach of determining the Board’s perspective as they evaluate the current realities of the following:

•  Developing a compensation philosophy and supporting objectives
•  The financial condition of the organization
•  Market competition
•  The salaries, benefits and related programs offered to the current executives
•  Organizational strategic initiatives that will impact or determine the incentive pay component
•  Local norms and political realities

Once these factors are considered, we assist the board in the development of a comprehensive compensation package, which in today’s market includes:

•  Market based cash compensation
•  Executive benefit plans beyond basic benefit coverage
•  Variable pay or incentives
•  Executive Perquisites
•  Employment Agreements