Strategies for gaining a powerful edge in the executive talent wars
The competition for executive talent is fierce, making it imperative that executive compensation programs become an integral part of every company's strategic business plan. The Complete Guide to Executive Compensation provides in-depth coverage of current issues and trends in designing and administering executive compensation packages that are strategically, economically, and culturally sound.
Renowned compensation and benefit expert Bruce Ellig begins by providing guidance for board members and company executives on defining a company's organization, culture, and business strategy, in order to establish a framework for executive compensation. He then discusses the often difficultbut essentialissues within that framework, including:
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STRATEGIES FOR GAINING A POWERFUL EDGE IN THE EXECUTIVE TALENT WARS
The competition for executive talent is fierce, making it imperative that executive compensation programs become an integral part of every company's strategic business plan. The Complete Guide to Executive Compensation provides in-depth coverage of current issues and trends in designing and administrating executive compensation packages that are strategically, economically, and culturally sound. It also includes both a historical review of key developments and a look ahead.
Written by renowned compensation and benefit expert Bruce Ellig, this book is a must read for the designers, approvers, and recipients of executive compensation. Consultants and in-house pay designers will find detailed examples (supplemented with over 350 figures and tables) to trigger their own creativity. Compensation committees and other approvers of executive pay plans will value the definitions and descriptions of various pay plans and the conditions under which they would be appropriate. Executives themselves will find the book useful. Not only in better understanding their own plans, but learning more about other plans, both those they may only have heard about, as well as many that have not yet caught their attention.
This book takes an in-depth look at each of the executive pay elements: salary, executive benefits and incentives (both short and long term). This review also includes the role of the board of directors (and its compensation committee) along with the influence of the major stakeholders (most notably the shareholder). And a complete chapter is devoted to various measurements of executive performance.
This book also contains a compendium of selected key information on executive compensation, including laws, Internal Revenue Code sections, IRS revenue rulings, accounting interpretations, and SEC actions. No other book has such a complete resource section.
Today's Most In-Depth Examination of Executive Compensation Models, Practices, and Strategies
Executive pay is one of the most fluid, flexible, and vital aspects of today's corporate landscape. The Complete Guide to Executive Compensation features top techniques for attracting and keeping dynamic, effective leaders, while protecting your organization from paying top dollar for second-rate performance. In addition, it is today's most hands-on resource for executives looking to receive full value from their current employers, or determine their value and pursue it on the open market.
Every aspect of the complex arena of executive pay is given comprehensive, straightforward coverage, including:
Today's most accomplished corporations know how to stock their executive ranks with stars and stars-in-making. Discover their strategies, and how you can apply their proven programs in your own organization, in The Complete Guide to Executive Compensation.
Praise for The Complete Guide to Executive Compensation
"This book is a human resource executive's dream. It has something for everyone involved with executive compensation designers, approvers, and beneficiaries. It is especially valuable for executives and Board members. I know of no book that is anywhere near as extensive of exhaustive on the topic. It is a must book for anyone truly wishing to completely understand the subject, or deal with any aspect of it."
Richard A. Beaumont, Chairman, Board of Directors
Organizaton Resources Counselors, Inc.
"The executive pay package must be sufficiently attractive for executives to join (and remain) with a company. It must also be focused on rewarding the creation of a shareholder value. In other words, it must meet both executive and shareholder expectations. That is why I believe this book is a 'must' read for both designers and approvers of executive pay plans."
Dennis C. Carey, Vice Chairman, Spencer Stuart U.S. and Co-Founder M&A Group
"Bruce Ellig has earned the reputation as one of the best corporate executive compensation practitioners and innovators in America. This book will be a valuable reference for compensation professionals and those interested in the hows and whys of U.S. executive compensation practices."
Frederick W. Cook, Frederick W. Cook & Co., Inc.
"Ellig is not just a wise counselor he is also a practitioner who has created many landmark executive compensation programs. In this book he has taken his considerable expertise in executive compensation and created a must-have conprehensive reference for compensation planners and decision makers."
Madelyn Pulver Jennings, Senior Vice President, Human Resources (Retired), Gannett Co. and Distinguished Fellow, National Academy of Human Resources
"Bruce Ellig's book on executive compensation is insightful, effectively bringing together all of his experience to provide new concepts and approaches to executive compensation."
Michael R. Losey, SPHR, CAE, Executive Consultant, President & CEO (retired) Society for Human Resources Management (SHRM)
"Executives, as well as board directors (especially those on a compensation committee) would benefit greatly from reading this book. It is crammed with definitions and examples on all aspects of executive pay."
Edmund T. Pratt, Jr., Chair Emeritus, Pfizer Inc.
Bruce R. Ellig graduated Phi Beta Kappa with a BBA and MBA from University of Wisconsin. Before his retirement after over 35 years at Pfizer he served as its Corporate Vice President in charge of worldwide HR for his last 11 years reporting to the Company Chairman and CEO. During his last twenty-five years he was in charge of Pfizer's executive compensation program; during his last 11 years he also served as secretary of the board's executive compensation committee. Since then he has served on several other boards and their compensation committees.
He has held leadership positions in many professional HR organizations, is a prominent author, has guested at many prestigious colleges and universities, has been interviewed on national radio and television programs and has been widely quoted in print throughout the world. He is both a program designer and instructor for World at Work's executive compensation program.
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