Executive Compensation Services
Tailored Executive Compensation Solutions
Executive compensation or executive pay is composed of the financial compensation and other non-financial awards received by executives from their firm for their service to the organization. It is typically structured to incentivize executives to achieve company performance consistent with increases in shareholder value or another success metric.
Working with Boards of Directors or Compensation Committees, PRJ delivers both executive base pay programs, and/or total compensation review to include benefits and perquisites. Complex executive compensation program requirements are satisfied in partnership with an affiliate consultant who specializes in executive compensation design, performance incentive development, and governance/compliance requirements.
The pay packages given to the senior executives of organizations often consist of several components:
Base Compensation
Short-Term Incentive Plans
Long-Term Incentive Plans
Performance Metrics
Perquisites
Severance & Change-in-Control Agreements
Simplification of Executive Compensation
Stock Options
Executive Compensation Philosophy