Executive Compensation Packages
3 List the components of executive compensation packages.
Executive compensation has both core and employee benefits elements, much like compensation packages for other employees; however, one noteworthy feature distinguishes executive compensation packages from nonexecutive compensation packages. Executive compensation packages emphasize long-term or deferred rewards over short-term rewards. The main components of executive compensation include (we describe the components here and defer examples to later in this chapter):
Current or annual core compensation
Deferred core compensation: equity agreements
Deferred core compensation: separation agreements
Clawback provisions
Employee benefits: enhanced protection ...
Get Strategic Compensation: A Human Resource Management Approach, 9/e now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
