Effective Goal Setting for Incentive Plans

https://is1-ssl.mzstatic.com/image/thumb/Podcasts221/v4/ed/39/54/ed3954e4-3512-5696-9d34-56c4b43d58b8/mza_6209065498089593649.jpg/600x600bb.jpg

Executive Compensation Podcast: Conversations on Executive Pay & Compensation Committee Governance

Meridian Compensation Partners

53 episodes

1 week ago

The Executive Compensation podcast from Meridian Compensation Partners is a vital resource for compensation committees, seasoned compensation professionals, or curious learners to explore all aspects of executive compensation. We dive into all kinds of topics around how to plan executive pay, bonus, and salaries. We talk to seasoned experts about corporate governance, investor relations, and more. Tune in for an in-depth exploration of executive compensation from every different angle.

Management

Business

RSS

All content for Executive Compensation Podcast: Conversations on Executive Pay & Compensation Committee Governance is the property of Meridian Compensation Partners and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Management

Business

https://files.cohostpodcasting.com/cohost/22fe98f3-1377-4198-ae7b-e0a26fac4519/shows/a37ff1c0-a70f-4631-939d-095a4f039128/episodes/20352730-30b4-4614-bbae-4c7eeb145a79/ea60029b9a.jpg

Effective Goal Setting for Incentive Plans

Executive Compensation Podcast: Conversations on Executive Pay & Compensation Committee Governance

26 minutes 2 seconds

1 year ago

Effective Goal Setting for Incentive Plans

On today’s episode, we’re joined by Partner, Jonathan Szabo, and Principal, Mike Meyer, both of Meridian Compensation Partners, LLC.

Jonathan and Mike dive deep into the complexities of establishing meaningful goals for incentive plans. They share practical strategies for setting both short-term and long-term goals that align company performance with desired executive behaviors.

Key Takeaways:

(02:22) Compensation philosophy provides blueprints for decision-making.

(04:02) Philosophical discussions around goal setting are crucial.

(04:46) Involving members of the audit committee can enhance goal-setting.

(07:17) Adjustments to incentive plans require consistent methodology.

(07:37) Factors like internal budgets and historical performance impact goals.

(12:01) Committees should consider economic predictability when setting goals.

(17:20) Strategies for uncertain times include setting growth rate targets.

(21:40) Approaches differ for short-term vs. long-term incentives.

Resources Mentioned:

Jonathan Szabo - https://www.linkedin.com/in/jonathan-szabo-13045493/

Mike Meyer - https://www.linkedin.com/in/mike-meyer-626a6071/

Meridian Compensation Partners, LLC - https://www.linkedin.com/company/meridian-compensation-partners-llc/

This episode is brought to you by Meridian Compensation Partners, LLC. Learn more by visiting MeridianCP.com.

#Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback