20021126-Bain-FT_Viewpoint_The_weapon_of_executive_pay_1页_3mb
报告摘要
高管薪酬分析总结
executives, how value is created and ensured throughout the organization.
Such systems help foster a culture where good things happen.
executives are paid base salaries equal to or lower than their peers at other high-
technology companies.
the salary is below competitor levels.
when they hit those targets, they require personal shareholdings.
Furthermore, Reckitt Benckiser ensures its managers feel the pain if shareholders
suffer.
vie and Long-term incentives.
薪酬与目标挂钩的重要性
- The critical question for compensation is "what are we paying for?" not "how much are we paying?"
- Compensation must be tied to measurable, critical levers for achieving strategic value creation goals, such as customer retention or like-for-like sales growth.
- If targets are unclear or ignored, compensation becomes a blunt tool or even rewards mediocrity.
- Linking pay to sustainable value creation and execution ensures rewards are deserved.
关键因素
- Clarity on Value Drivers: Companies must be clear on what drives shareholder value and communicate those goals.
- Ambitious yet Achievable Targets: Goals should be challenging but achievable, and link directly to value creation.
- Balancing Short-Term and Long-Term Incentives: Avoiding focus solely on short-term market performance, linking to strategic leadership.
- Sharing Upside and Downside: Allowing executives to share in the upside success and penalizing them if shareholder value declines.
结论
The most successful compensation systems align executives with shareholders through a balance of broad-based rewards, equity components, and linkages to ambitious, strategic value creation goals, ensuring pay reflects performance and a commitment to long-term value. This creates a culture where good performance follows clear incentives based on what truly matters for shareholder returns.
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