The Key Players
Who are your key people and where would you be without them? The purpose of executive compensation planning is to attract and retain quality people, enhance loyalty and improve productivity. The end result is an increase in enterprise value and the creation of a solid, long-term management team that will help you meet your personal and business planning goals.
This planning starts with the establishment of important financial performance metrics and criteria. Concurrent with the identification of budget and long term forecasting goals, the financial objectives of the individual members of the management team are established. The general strategy is to create a plan that expresses your desire to assist your key managers in meeting their personal financial goals as they assist the company in the attainment of specific business goals.