Creating a Long-term Incentive Plan (LTIP) with Phantom Stock
Phantom stock is used by companies as an approach to long-term incentive plans and as a mechanism for creating additional performance-based awards. Private and public companies utilize long term incentive plans as a retention tool, to align key employees with company...
Compensation’s Annual Calendar
The compensation function in an organization has a regular calendar of projects that are completed each year. The purpose of completing these cyclical projects is to guide management/boards of directors in making compensation, recognition and reward decisions that...
Compensation’s Role in the Attraction and Retention of Employees
There are many factors why employees seek to work for or remain with an employer, with compensation being a key element. There is research that suggests that compensation’s role is not to be a driver of attraction and retention but support the other areas of the...