> Executive Compensation
It is a sound business concept for global companies
to develop competitive and attractive compensation arrangements for key executives.
In fact, a company that does not have a comprehensive, appealing executive
compensation plan ready for employees at the executive level is bound to
lose key people to the next-door competition with a great executive incentive
An important factor to consider in retaining top management people who contribute
significantly to the continued success and growth of a company is the existing
compensation and benefits packages provided by flourishing corporations.
Highly compensated executives are more likely to perform better and do more
to further company interests by meeting short-range objectives and long-term
goals compared to those who are in some way dissatisfied with their current
While a large number of compensation programs limit the long-standing advantages
that highly paid personnel enjoy, companies should make it a practice to
design effective benefit plans that would cater to the future financial stability
and well-being of these valuable human resources.
There are many credible professional consultants catering to executive
compensation and benefits should you wish to develop competitive compensation
or redesign existing benefit plans for your key personnel and top executives.
With the state of trade and business nowadays, companies that want to stay
in the global race just can’t afford to be left behind on their executive
benefits programs or they’ll end up losing top executives and other
key personnel to the competition. It just might happen to you if you don’t
start doing something about it.