Alternate Job Titles: Chief Compensation Executive | Top Compensation Officer | Vice President of Global Compensation
Designs, plans and directs compensation policies, objectives, and initiatives. Oversees the collection of wage, salary, and incentive survey data to ensure the organization's compensation programs/objectives are competitive in the current marketplace. Responsible for the design, development, and administration of all compensation programs used to attract and retain employees. Plans and administers...
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About Executive Compensation
Executive compensation or executive pay is composed of the financial compensation and other non-financial awards received by an executive from their firm for their service to the organization. It is typically a mixture of salary, bonuses, shares of or call options on the company stock, benefits, and perquisites, ideally configured to take into account government regulations, tax law, the desires of the organization and the executive, and rewards for performance. The three decades starting with the 1980s saw a dramatic rise in executive pay relative to that of an average worker's wage in the Un...
Source: Wikipedia (as of 07/10/2019). Read more from Wikipedia
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