COURSE DESCRIPTION: Effective executive compensation programs accomplish two goals: 1) they attract, retain and motivate executives to achieve the short-term objectives of the business and 2) they create value for the organization over the long-term. But finding that perfect compensation formula is complex … and the consequences of getting it wrong can be significant. A poorly designed plan will eventually result in leadership turnover, strategic setbacks, deflated morale and measurable bottom line losses.
Whether you work for a public or a private firm, you face the same challenge: How do you develop plans that work, are fair and comply with today’s changing regulations? In this one-hour program, you’ll learn the step-by-step details of how to set up executive compensation plans that meet these critical criteria. Specifically, it will deliver ideas to help you:
- Confirm that organizational and executive goals are in alignment
- Find the most useful sources of market data on pay levels and best practices
- Position your executive recruitment efforts in the best way possible
- Understand what motivates the management team (it isn’t always money)
- Effectively balance risk and reward
- Design plans that offer the best mix of pay and incentives
- Develop annual incentive plans that lay out targets, thresholds and maximum performance/payout relationships
- Establish meaningful performance criteria and appropriate forms of payout
- Structure long-term incentives that take into account current trends and available vehicles such as cash-based or equity-based payouts
- Understand the marketplace in which you compete for talent
- Set base salaries that are fair for the organization and the executive
- Uncover what your competition is up to
A company’s executive compensation program has a strong impact on its culture. It is a reflection of what is important and provides clear direction to executives as to their mission. This program will give you the facts you need to get it right.
ABOUT THE SPEAKER: Steven Hall, Managing Director, is a founding Partner of Steven Hall & Partners and has consulted for more than 25 years with senior management and Board Compensation Committees in planning and implementation of senior executive compensation programs and incentives for corporations, subsidiaries, business units, spins and divestitures.
His strong technical background in tax, accounting and finance is of major importance in the design of innovative remuneration programs, including partnerships, LLC carried interests and side-by-side investments. In addition to managing the Firm, Mr. Hall personally leads Steven Hall & Partners’ practice among global corporations and in the financial services, real estate, regulated utility and energy sectors. He also serves as expert witness and consults with corporations and law firms on litigation matters.
Mr. Hall, who holds a B.A. in Economics and an M.B.A. in Accounting, is a Certified Public Accountant. His prior experience was with Pearl Meyer & Partners, as President and co-founder, Ernst & Young, Handy Associates and as Chief Financial Officer of two private firms.
MONEY-BACK GUARANTEE: We’re so confident you’ll get what you want out of this conference that we’ll refund your full fee if you’re not satisfied. It’s risk-free.
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