Executive compensation is a crucial aspect of any organization as it determines the quality of talent it attracts and retains. The compensation package for an executive is based on several factors, ranging from the complexity of the job to the capacity of pay and organizational philosophy. Let us discuss them in detail. 6 Important Factors […]
Category: Executive Compensation
Apr 05, 2023
Aug 17, 2022
The concept of diversity, equity, and inclusion (DE&I) is seeping into the fabric of the modern business. This set of objectives is a key to defining organizations as socially responsible. Here’s how DE&I as executive compensation is revolutionizing corporate culture. DE&I Compared with ESG DE&I incentive programs are built on the long-term pay incentive model […]
Jun 22, 2022
There are many good reasons to start a nonprofit organization, such as developing a resource for your community. Whether the entity hires volunteers or has paid employees, it faces certain risks that call for special types of insurance. Here’s a look at what nonprofit executive compensation covers. Risk Nonprofit Executives Face Executives at a nonprofit […]
Mar 17, 2022
In 2020, the Centers for Disease Control and Prevention (CDC) reported an increase in mental illness among American adults. This was largely due to pandemic-induced problems such as massive job losses, death of loved ones, isolation, safety concerns, and tough economic times. While almost everyone was a victim, healthcare workers suffered the most considering they […]
Feb 17, 2022
Executive compensation refers to remuneration packages specifically designed for C-suite executives, senior management, and business leaders of a company. The package includes both cash and non-monetary benefits. Given these individuals are responsible for formulating policies, strategies, and making important business decisions on behalf of their shareholders, executive compensation aims to motivate CEOs and other executives […]
Sep 09, 2021
Various stakeholders, including students, parents, the public, and the government, persistently demand higher education quality and accountability. To meet these expectations, most universities and colleges use management tools such as mission statements and strategic planning. However, faculty compensation can also help these institutions achieve their mission and satisfy their high expectations. Here’s a look at […]
Aug 11, 2021
A recent National Education Association (NEA) report revealed that faculty compensation in higher education has increased over the past 10 years. While the salary for a full-time professor averaged $90,000 in 2020, there are still significant discrepancies in pay across faculty ranks, with unfair or inadequate compensation impacting the quality of higher education. Here’s a […]
Jun 15, 2021
Also referred to as executive pay, executive compensation comprises the remuneration packages and benefits such as salaries, insurance coverage, and retirement benefits given to executive-level employees. In 2019, the average executive pay in the U.S. was $21.3 million, according to the Economic Policy Institute (EPI). While the figure varies from one company to another, a […]