The Complete Guide to Executive Compensation

Ellig, Bruce R.

ISBN 10: 0071376291 / ISBN 13: 9780071376297

Published by McGraw-Hill, 2001

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Bibliographic Details

• Title: The Complete Guide to Executive Compensation
• Publisher: McGraw-Hill
• Publication Date: 2001
• Language: English
• ISBN 10: 0071376291
• ISBN 13: 9780071376297
• Binding: Hardcover
• Condition: New

About this title

Synopsis

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:

• Pay positioning­­relative to the competitive environment
• Risk profile­­the mix of salary, incentive compensation, and benefits
• Leverage­­the relationship between incentive plan payouts and performance
• Timing­­the mix of short- versus long-term incentive programs
• Incentive plan design­­objectives, performance measures, and participation

About the Author

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.