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The attraction and retention of executive talent can be perhaps the most critical factor in achieving company success.
The attraction and retention of executive talent can be perhaps the most critical factor in achieving company success. While the controversy over excessive executive pay during the last few years has not diminished the executive's pay desires, it has increased board and shareholder awareness of the failure of many of the 'pay for performance' executive compensation plan designs that were implemented during the last ten years. Companies now have to deal with executives who are used to ever increasing pay levels even though corporate performance has not justified increases and shareholders who want to see executives suffer when the shareholders suffer.
Top 5 has assisted publicly traded and privately held companies in a wide range of industries to analyze their current programs and design and implement new programs that will attract, retain and motivate executives to act in the best interest of the corporation and not themselves. Among the services provided by Top 5 are the following:
Analysis : We determine the effectiveness, competitiveness and balance of an employer's current executive compensation programs. We provide the thorough, objective and professional review that investors, regulators and the Board require. We gather peer proxy data, our own proprietary surveys and client-supplied third party survey data to analyze your company's current pay strategy and executive pay profiles.
Design : We listen to the board and the executives to determine what is working and what isn't as well as what is reality and what is desired. We assist in the creation or amendment (if necessary) of the corporate executive compensation philosophy. We review corporate best practices, trends in executive compensation, changes in the tax law and accounting pronouncements and devise strategies to meet corporate goals. We assist the client in designing the compensation program, including base pay, short term and long term incentive levels, retirement programs and perquisites. We assist in the creation of individual and group goals that support the corporate objectives.
Implement : We draft legal documents and regulatory filings for review by client counsel; we create communication programs to explain the package to the executive group; we work with internal resources, payroll providers, investment managers, and third party administrators to make sure that the operation of the programs is efficient and accurate.
We are skilled in designing and implementing the following types of programs:
To learn more about our consulting services, contact Jay Edelman at (510) 745-8675, or email him at jedelman@top5.com
