Effective Executive Compensation: Creating a Total Rewards Strategy for Executives
- 6h 40m
- Dawn Dugan, Graham Thomas A. Roth, Michael Dennis
- AMACOM
- 2008
When it comes to creating an executive compensation program, it can feel like there's little gray area between giving top performers too shiny a golden parachute, with exorbitant perks, and providing the company's leaders with the incentive they need to continue doing their best. This book gives readers the techniques and understanding they need to design a rewards strategy that will motivate performers while benefiting the entire organization. Taking a careful look at the complicated state of executive rewards, this no-nonsense, practical guide provides readers with a complete methodology for motivating management to accomplish critical business goals. Eschewing a one-size-fits-all approach, the book uses case studies and examples to illustrate what factors should be considered--including environment, key stakeholders, people strategy, business strategy, and organizational capabilities--when designing a program that will benefit both their company and the people who fuel its success.
About the Authors
Michael Dennis Graham and Tom Roth are consultants at Grahall Partners, LLC, a consulting firm that designs total reward strategies for organizations. Both have over 30 years experience and together have worked on over 300 reward strategies. Michael has been a Consultant and or Practice Director for Watson Wyatt Worldwide, Towers Perrin, the Hay Group, Arthur Andersen Worldwide, Clark Consulting and Pearl Meyer & Partners and is the coauthor of Creating a Total Rewards Strategy. Tom Roth has worked at J.P. Morgan, Mckinsey & Co., Register.com, and Pearl Meyer & Partners. Dawn Dugan is a freelance writer based in Hinesburg, Vermont.
In this Book
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Effective Executive Compensation—Creating a Total Rewards Strategy for Executives
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Preface
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Introduction
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Business Environmental Impacts
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Key Stakeholders
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Vision, Mission, and Values
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Business Strategy
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Organizational Capabilities and People Strategy
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Total Reward Strategy
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Total Reward Architecture
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Executive Total Reward Strategy Components
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Base Salary
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Short-Term Incentives
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Mid-Term Incentives
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Long-Term Incentives
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Wealth Accumulation Incentives
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Executive Benefits
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Executive Perquisites
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Development Rewards
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Director’s Pay
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Final Thoughts
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Case Study 1
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Case Study 2
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