Creating a Long-term Incentive Plan (LTIP) with Phantom Stock

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

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

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...
Types of Salary Surveys & Benefits of Salary Structures

Types of Salary Surveys & Benefits of Salary Structures

PURPOSE The overall purpose for collecting market data is to make informed decisions about the compensation program. These decisions involve pricing jobs, analyzing pay trends, identifying pay practices, and establishing a salary structure. TYPES OF SALARY SURVEYS A...
Seven Steps to Developing Career Paths

Seven Steps to Developing Career Paths

by Susan Malanowski Talent Acquisition and Management One of the reasons employees either leave or cut short the hiring process is because there is a lack of career paths or career development opportunities. Regardless of size, many organizations recognize the talent...