What will you learn from this book
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Overview of Executive Compensation: The book likely provides a thorough overview of executive compensation, covering various components such as salary, bonuses, stock options, and other perks.
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Legal and Regulatory Framework: Executive compensation is often subject to legal and regulatory considerations. The book may discuss the legal landscape surrounding executive pay, including relevant regulations and best practices.
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Designing Compensation Packages: Understanding how to design effective executive compensation packages is crucial for attracting and retaining top talent. The book may offer insights into the principles and strategies involved in designing competitive and motivating compensation structures.
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Performance Metrics: Executive compensation is often tied to performance metrics. The book may explore different performance measurement tools and methodologies used in determining executive pay.
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Equity and Stock-Based Compensation: Many executive compensation packages include equity and stock options. The book may provide guidance on how these elements work, their impact on overall compensation, and considerations for implementing equity-based incentives.
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Trends and Best Practices: Executive compensation practices evolve over time. The book may discuss current trends and best practices in the field, helping readers stay informed about the latest developments.
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Linking Compensation to Organizational Goals: Effective executive compensation aligns with the goals and objectives of the organization. The book may explore strategies for ensuring that executive pay is linked to the overall success of the company.
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Communication and Transparency: Communication about executive compensation is important for maintaining transparency and trust. The book may provide insights into how organizations can effectively communicate their compensation strategies to various stakeholders.
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Performance Evaluation and Reviews: Executive compensation is often tied to performance reviews. The book may cover the processes and methodologies involved in evaluating executive performance and determining appropriate compensation adjustments.
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Global Perspectives: In an increasingly globalized business environment, executive compensation may vary across regions. The book may touch upon global perspectives and considerations in the design of executive pay.
| Language | English |
|---|---|
| ISBN-10 | 0070597111 |
| ISBN-13 | 9780070597112 |
| No of pages | 598 |
| Font Size | Medium |
| Book Publisher | Tata Mcgraw-Hill |
| Published Date | 01 Jan 2004 |
About Author
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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.