Arcus offers a comprehensive suite of services for a design and optimization of executive compensation. A best practice approach uses three critical components to develop executive compensation packages: benchmarked base salaries, variable compensation and pay for performance. The design includes a structure. strategy and methodology that includes risk related considerations for emerging “say on pay’ expectations from shareholders. Find out more about Executive and Board Compensation Plans.
Executive and Board Compensation Plans and Organizational Culture
The goal is to better align pay with performance and develop an organizational culture that lays a greater emphasis on performance rather than tenure. For example, Arcus’s research of best practices in pay for performance models indicates that 75 percent of board directors agree that the design and implementation of their executive pay for performance compensation systems needs to be improved to be more effective.
In addition to compensation systems, it is also important to include mechanisms such as ongoing monitoring of decisions and outcomes to ensure that pay for performance systems deliver against goals defined by the board of directors.
Arcus offers services in all the key areas that impact executive and organization compensation:
- Board of Directors advisory services
- Executive compensation audits for Boards
- Enterprise Risk Management
- Market Benchmarked Executive Compensation Strategy
- Incentive plan development
- Compensation disclosure planning
- Market Benchmarked Board compensation design
- Expert witness consulting Services