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Compensation Is Key To A Successful Business

1168 words - 5 pages

Executive Compensation Business Key To run a successful business there are some master minds and professionals required who are not suppose to run the business only but should also know that how to take the business in the correct way and get more profit from that. They are not only focusing the current business location but also preparing the schedule for the future planning. The business is depends on the management and the managements is depends upon the managers, who are running the business in the smooth way. The institutional management is required for running the business so that the lack of communication between the employer and the employee has not happen. If the employees are satisfied for their demands the growth-required production will reach, and the company gets more profit. Key Posts To run a successful and a large setup business there are some hidden actors behind the scenes. Chair Persons, Executives, Chief Executive Officers, Managers etc are not only the good planners but also a major shareholder to get the company’s goodwill in the market. They played an important role in the company. Their salaries and compensations are not enough if they are a professional and played an important character to bright the company’s name in the local or international markets. Factors Depends Upon A Good Executives A good executive may have ability of his higher education, experience, market privilege and age benefits. Executive are so called, mastermind of any business, so if they are not capable according to their fieldwork they could be more harmful of a company. Types Of Executives Compensations There are many types of Executive Compensations, but it can also depend on the company’s structure what they are adopting according to their policies and rules. The company is also restricted for the government policies and their pay schedules. Under these circumstances, the company cannot change the government rules and policies but takes an advantage for the options. It may takes many forms which includes Monthly salary or payment; Bonus; Perquisites (or "perks") and other personal benefits; Gratuity; Golden shake hands; Stock; Stock option; Other compensation arrangements etc. Annual Executive Compensation The confession of an Executive Annual Compensations includes Basic Salary Bonus and Other annual compensations like insurance, personal benefits, securities, and amount reimburse for the payment of executive monthly-deducted taxes etc. Other annual compensations will be granted as per agreed to the company’s contract. Executive benefits after the retirement “While CEOs have attempted to justify their high compensation as being based on risk and tied to company performance, many executives have negotiated retirement benefits that promise a lifetime of income far exceeding what they would be entitled to under the retirement plans of their rank-and-file workers. The promise of a six- or seven-figure...

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