Access Exclusive, Trusted HR News & Resources >>> New Professional Members Save $20 Today
We asked HR professionals to tell us about their time in HR. Here are their stories.
Is your employee handbook keeping up with the changing world of work? With SHRM's Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Set yourself up for success with virtual SHRM-CP/SHRM-SCP Certification Prep Seminars.
#SHRM18 will expand your perspective – on your organization, on your career, and on the way you approach HR. Join us in Chicago June 17-20, 2018
When it comes to executive-pay strategy, boards of directors need to put the spotlight back on building great leadership teams to drive their companies’ long-term success, according to a recent white paper from compensation consultancy Pearl Meyer & Partners.
“In today’s economic and governance environment it is essential that companies go beyond best practices, beyond data, beyond check-the-box compliance and beyond the obvious,” said David N. Swinford, the firm’s president and CEO.
In recent years directors have increasingly been focused on satisfying proxy advisory pay standards and compliance requirements, driving many companies to “conform to the norm,” Swinford noted. The result is copycat pay programs that are based on current pay trends, peer practices and competitive data.
“Simply following the crowd ignores the huge impact that a differentiated compensation strategy can have on building a strong management team that’s focused on that company’s business strategy,” added Swinford. “An effective executive-pay program should send a strong signal to employees and to the marketplace about that company’s goals, priorities and vision.”
In The 2013 Compensation Committee Agenda: Go Beyond, Pearl Meyer &Partners outlines five approaches to help directors ensure that executive-compensation programs—including the use of performance-based incentives—will drive the strategic priorities. The five key ways to support a complex set of strategic needs are:
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
Choose from dozens of free webcasts on the most timely HR topics.
SHRM’s HR Vendor Directory contains over 3,200 companies