Total Compensation Philosophy & Strategy
Executive and Broad-Based Compensation Benchmarking
An in-depth assessment determines the competitive posture of an organization’s total rewards levels and practices versus defined peer groups and compensation surveys.
Our benchmarking process work may include:
- Market definition
- Internal/external job matrices
- Peer group development and survey evaluation
- Position matching
- Total compensation benchmarking of all key compensation elements
- Analysis of relevant market incentive compensation practices and short- and long-term incentive plan design.
Compensation Program Design and Communication
Based on the outcomes related to philosophy and compensation benchmarking, Haigh & Company can assist our clients in the design of specific compensation elements, programs and communication strategies. We have extensive experience in the development of reward programs at all levels including C-suite, management, professional, administrative and support staff. These can include:
- Salary ranges
- Organization compensation frameworks
- Annual incentive plans
- Long-term incentive/equity plans including targeted mix of performance-based and time-based full value and appreciation grant forms.
- Special purpose plans (i.e., carried interest, LLC profits interests, and other plans designed to meet our clients’ specific needs).
Non-Employee Director Compensation Programs
Haigh & Company can provide a periodic review of your organization’s non-employee director compensation package to determine the competitiveness of the program. We can help to define a structure, mix and levels of compensation (cash versus stock, current versus deferred compensation) which provide a competitive total program and reinforce your directors’ roles and service commitments.
Employment, Severance, Retention & Change in Control Arrangements
Working with our clients’ human resources, finance and inside and outside legal counsel, Haigh & Company can assist in the following areas:
- Employment Agreements for new and existing employees
- Retention Programs
- Severance Arrangements
- Severance/change-in-control payments and benefits costing calculations
Executive Compensation Regulatory and Governance Practices
We work with our clients’ human resources, finance and legal teams as well as the Compensation Committee on a number of regulatory and governance areas. A sample of issues we can provide assistance with include:
- Shareholder voting (Say on Pay) strategies
- Proxy advisor strategies (e.g., ISS, Glass Lewis)
- Proxy disclosure drafting and review
- SEC reporting and compliance
- Stock plan modeling and approval strategies
- Governance policies and guidelines (clawbacks, risk assessment, stock ownership)
Compensation Outsourcing Solutions
We act as an extension of our client’s human resources team to lead the compensation or total rewards function, filling the gap to cover leaves of absence or employee transitions.
Compensation Outsourcing Solutions
We act as an extension of our clients’ human resources team to lead or assist the compensation function when resources are low or additional expertise is needed. We effectively manage compensation programs and processes such as market benchmarking, base salary structures, employee bonus and equity plans and other ad hoc requests.
Compensation Outsourcing Solutions
We act as an extension of our clients’ human resources team to lead or assist the compensation function when resources are low or additional expertise is needed. We effectively manage compensation programs and processes such as market benchmarking, base salary structures, employee bonus and equity plans and other ad hoc requests.
Other Practice Areas & Expertise
Since 1985, we have been engaged to assist our clients in a wide variety of areas in addition to our key practice areas listed here. Please contact us if you need assistance in other compensation related areas. If we are not the best resource, we will work with our clients to introduce them to resources in our extensive network who are best qualified to serve their specific needs.
Other Practice Areas & Expertise
Since 1985, we have been engaged to assist our clients in a wide variety of areas in addition to our key practice areas listed here. Please contact us if you need assistance in other compensation related areas. If we are not the best resource, we will work with our clients to introduce them to resources in our extensive network who are best qualified to serve their specific needs.