It is becoming more and more challenging to develop and implement a
compensation strategy that meets the needs of your company and your
employees, while withstanding greater public and regulatory scrutiny. In
fact, it is becoming an art. At the same time, an increasingly
competitive market for talent requires creative solutions that align
with your corporate strategy, while attracting top candidates.
Executive pay, for
example, has undergone significant change over the past few years in
response to economic upheaval, corporate governance issues and
regulatory amendments. Gone are the days when a company could implement
a “traditional” stock option plan as a means of rewarding and retaining
key executives. Navigating through the maze of today’s tough issues to
identify innovative solutions requires increasingly more skills,
expertise and experience.
and carefully executed compensation plan plays a significant role in
your organization’s ability to attract, motivate and retain top talent.
Solenture’s experience in developing effective compensation strategies
has crossed all organizational levels, beginning with the board of
directors and executive office. The key to our success is having the
right perspective and context and staying focused on your organization’s
Solenture’s Compensation Practice takes a holistic and continuous
approach to working with clients to develop and implement compensation
strategies and plans. We work closely with you to understand your
company’s business goals and objectives. We also conduct thorough
research internally and externally to gather all the necessary data to
construct a plan that’s right for you.
compensation strategy is a long-term strategy that provides continuity
for the organization. As a result, our process includes:
a perspective from within your organization of historic and cultural pay practices, performance expectations and overall satisfaction with
external research to understand industry and peer group benchmarks, best
practices, and analyst and institutional shareholder expectations;
Developing and implementing plans that are competitive in the
marketplace, while remaining compatible with the organization’s overall
goals and strategies;
Establishing measurable goals that are monitored and evaluated on a
regular basis; and,
innovative solutions as needed to meet individual client objectives.