Executive Compensation Strategy and Planning
Vivient Consulting has a long history in providing experienced executive compensation strategy and advice to Boards of Directors and top management teams, human resource professionals and Compensation Committees. Executive compensation plans should be grounded in objective analysis using a compensation audit and benchmarking with competitors. Effective compensation plans then integrate company objectives and goals with a pay-for-performance compensation structure which carefully balances short and long-term incentives, bonus and salary considerations, deals with issues of fairness and tax implications.
Are some aspects of your compensation programs not working for your organization? At certain points, you may need outside assistance to evaluate your company’s compensation strategy and compensation programs, and identify areas for improvement. Depending on your needs, we can perform a comprehensive compensation audit or direct our efforts to specific areas of concern around compensation issues.
Examples of reasons why clients have retained us for a compensation audit include:
• Excessive executive or employee turnover
• An incentive plan that is paying out too generously relative to performance
• Undervalued incentive pay plans
• New executives or board members with compensation ideas from other organizations
COMPENSATION STRATEGY & COMPETITIVE BENCHMARKING
Have you established a framework for making compensation decisions, such as new-hire offers, salary increases, or equity grants? We build thoughtful compensation strategies that help reinforce your overall company’s strategic objectives around recruiting and retaining employee talent. We consider multiple factors such as your company’s business strategy, size, growth plans, company culture, and talent pool. By understanding how your company fits within its industry vis-à-vis compensation and where it is unique, we help you determine the appropriate compensation strategy including: the peer group of companies used for comparing compensation, where to position your company’s compensation levels against this peer group, and the suitable pay mix between salary and incentives. With a customized compensation vision and strategy, you have a solid foundation upon which more specific compensation programs are built.
How do your executive compensation levels compare to the market and your competitors? We determine the competitiveness of your employee compensation using the latest compensation and benefit surveys and real-time company SEC filings. We review all aspects of executive pay and employee compensation including salary, bonus, long-term incentives and the prevalence of benefits and perquisites. From straightforward analysis to more complex and dynamic calculations such as tally sheets, realizable pay, and wealth-accumulation models, we provide you with a complete understanding of your compensation programs.