O'Reilly logo

The Complete Guide to Executive Compensation 3/E, 3rd Edition by Bruce Ellig

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 9Design and Communication Considerations

Image

Design considerations begin with a review of the market stage of the company and its industry. Market stage tilts the playing field of pay plan design in a certain direction. Next, in light of the relative importance of incentive pay in attracting, retaining, and rewarding performance, designers must determine the extent to which it will be a part of their pay package.

The total executive compensation package should embody the company’s vision, mission, objectives, goals, and strategies. More specifically, the pay-delivery system should be aligned with goals and objectives. The framework or skeleton ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required