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What should I recommend to our Remuneration Committee regarding executive pay?
Your Board or Remuneration Committee views senior executive reward at individual level. You need to recommend a way forward and facilitate informed debate. To do this you need robust and transparent information on reward options, an overview of what is happening in the market, and clarity on where current reward packages sit.
Executive pay and reward
Executive pay and reward packages have attracted a lot of attention in recent years. But senior executive packages can be complex, often being linked to turnover, business autonomy, Board membership and role scope. What’s more some elements -such as annual bonuses and long-term incentive schemes - represent considerable value.
If your remuneration committee needs to develop or assess reward packages, they must balance business needs, shareholder value and employee motivation. The outcome will affect your ability to recruit the right calibre of executives, retain key staff and build a positive culture.
How Paydata can help with Executive Benchmarking
If you’re reviewing your executive reward packages, we can provide you with a report that you can share with your Remuneration Committee. Our reports are designed to give them what they need to inform their decision-making, including:
- A summary of our findings with our interpretation of what they mean for the Remuneration Committee;
- A simple explanation of how we have matched your roles against the market showing the factors we have taken into account and the comparator group(s) we have assessed your executive pay against;
- A role-by-role analysis of data in our executive pay database, drawn from a range of sources, looking at base pay and total cash, where required; and
- A review of current market practice for employee incentives, baseline benefits and current trends in executive remuneration
Our reports are used by many leading companies to support their committee decision making process, with people returning year after year.