Compensation Strategy Development

The compensation strategy serves as the foundation upon which many executive compensation decisions are made.

A strong underlying compensation strategy and philosophy are key elements used in developing and administering sound executive compensation programs. The strategy also provides a basis for communicating pay practices to shareholders and other stakeholders. Thus, it is imperative to develop and codify this strategy and keep it current.

We strive to understand our clients' business strategy and culture, desired objectives of the compensation program, and other specific issues that may influence the design and administration of the programs. Once a strategy is developed and approved by the committee, the compensation program design and administration becomes streamlined. All parties then have a clear understanding of the rationale.