Explain the components of an executive compensation plan

Reference no: EM13464685

You are the HR VP for the Carringten Auto Brake Lining Company. A recent economic downturn has seriously affected the auto industry and your company, as well. Your company has merged with two other brake component companies in an effort to gain production efficiencies and lower unit costs. You are the lead HR person for the new entity. Based on your analysis of the three previous executive compensation approaches, you have decided with board approval to redesign the executive compensation for the new combined organization.

Describe the components of an executive compensation plan. Explain how these components can help support organizational strategies, attract candidates to the executive team vacancies, and retain the other current executives.

Reference no: EM13464685

Questions Cloud

Analyze how the three negative impacts changed environment : the industrial revolution which began in the eighteenth century has had an ongoing influence on society as well as the

Explain how this nonrenewable resource was initially formed : today more than any other time in history there is growing support to move away from nonrenewable resources towards

A randomized controlled trial is run to evaluate the : a randomized controlled trial is run to evaluate the effectiveness of a new drug for asthma in children. a total of 250

As hr director you have arranged a management training : as hr director you have arranged a management training program for managers and executives on the fair labor standards

Explain the components of an executive compensation plan : you are the hr vp for the carringten auto brake lining company. a recent economic downturn has seriously affected the

Describe how this renewable resource is harnessed for : each type of proposed renewable energy has its benefits and drawbacks. for example hydropower has the benefit of

A small pilot study is conducted to investigate the effect : a small pilot study is conducted to investigate the effect of a nutritional supplement on total body weight. six

The new hr vp is concerned regarding the performance : the new hr vp is concerned about the performance appraisal process in the hand-held video game company where you are

You need to prepare a job evaluation plan for the : you are the compensation director for forever-green plywood inc. the company buys timber manufactures plywood sheets

User Account

All Pages