June 6, 2024
Transcript: “Top Compensation Consultants Speak”
We’ve posted the transcript for our recent webcast “Top Compensation Consultants Speak” with Blair Jones of Semler Brossy, Ira Kay of Pay Governance and Jan Koors of Pearl Meyer. They discussed:
– Year 2 of Pay vs. Performance
– Incentive Plans – Setting Goals and Considering Adjustments
– Trends in Strategic and Operational Metrics
– Clawback Policies – What HR Teams and Compensation Committees Are Focusing on Now
– Human Capital Management – Recent Considerations and Disclosure Trends
– Potential Impact of the FTC’s Noncompete Ban
During the program, Jan shared this tip on using strategic and operational metrics:
The real test is: “can you look to those nonfinancial metrics to be leading indicators?” One of the shortcomings of financial metrics is that they are, by definition, backward-looking because they are reporting what has already happened. The beauty of marrying financial metrics with nonfinancial metrics in incentive plans, if you do it wisely, is that you can pick nonfinancial metrics that are leading indicators that you can show will result in those financial results two, three, five years from now.
Members of this site can access the transcript of this program for free. If you are not a member of CompensationStandards.com, email sales@ccrcorp.com to sign up today and get access to the full transcript – or sign up online.
– Meredith Ervine