Remuneration and Compensation - Executive Management Benchmarking

Brief

A commercially focused organisation operating across the public/charitable/commercial sectors. The Remuneration Committee members were concerned that the remuneration packages paid to the top 5 executives were not consistent with market practice – in particular base salary and bonus payments.

Solution

• Developed a structured job analysis questionnaire for all five executives
• Interviewed and discussed the roles with each executive
• Prepared role profiles from the interviews
• Identified an appropriate database against which to compare the five roles
• Benchmarked the roles, identifying base salary, bonus, car allowance and total remuneration
• Prepared statistical analyses of the market data comparing the actual remuneration against the market
• Prepared graphs to highlight the statistical analyses
• Discussed findings with Chief Executive
• Prepared final report based on findings and made recommendations for going forward

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