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Compensation Resources, Inc.
877-934-0505
310
Route 17 North
Upper Saddle River, New Jersey 07458
Fax: 201-934-0737
www.compensationresources.com
Business Description
Executive Compensation and Human Resource Consultants specializing in Sales
Compensation, Performance Management, Board & Compensation Committee
Advisory Services, Salary Administration and Litigation Support.
The
way a company pays top management plays an important role in motivating the
critical performance needed to run the company effectively. Base salary is
not the only component of the typical executive's compensation package.
Short- and long-term incentives, comprised of cash, often including stock,
provide a company with the means to focus the executive's attention on
achievement of financial goals. Effective total compensation packages
provide the retention tool necessary to keep key individuals on board, while
providing those executives with compensation that has long-term growth
potential with favorable tax benefits.
Executive compensation packages typically comprise the following components:
Base Salary
Annual Incentive Programs
Long-Term Capital Accumulation
Deferred Compensation Arrangements
Supplemental Benefits and Packages
Retirement Programs
Services
Total Compensation Review
Action Required: Conduct audits to determine if total compensation programs
are competitive; determine
Annual Incentive Programs
Long-Term Incentive Plans and Long Term Capital Accumulation
Non-Qualified Deferred Compensation
Supplemental Benefits and Perquisites
Executive Employment Contracts
SALES COMPENSATION
Overview:
How an organization presents itself to its marketplace is often achieved by
its sales force. These are the individuals who take an active approach in
getting the message out about the company's products and services. How
effectively the sales team markets the company, and in turn, how successful
the organization is, is directly related to the sales compensation program.
A sound sales compensation package enables the organization to focus sales
activities towards desired results, and rewards these outcomes with
compensation tied directly to the level of achievement.
The key to a successful sales compensation program can be achieved in three
steps:
Clearly defining sales goals that are realistic but challenging
Tracking and measuring performance against goals
Rewarding achievement with competitive and motivational compensation
Sales compensation packages typically comprise one or more of the following
components:
Base Salary
Periodic incentives tied to short-term goals
Annual Incentives tied to longer-term sales activities
Commission-based incentives
Perquisites to facilitate sales efforts
Services
Sales Compensation Studies
Compensation Programs
Performance Management
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