March 30, 2017
Is a “Target Range” Right for Your Incentive Plan?
– Broc Romanek
In a 2013 survey of compensation committee members co-sponsored by the NYSE, Conference Board and Pay Governance, the top 3 “challenges” that committees stated they were facing involved incentive pay & performance goal setting. Specific challenges noted in the survey included:
1. Determining appropriate incentive pay levels – 62%
2. Balancing P4P with retention – 57%
3. Ensuring the rigorous nature of incentive plans – 57%
See this memo by Pay Governance about possible ways to tackle these challenges…