Page 72 - Appreciating Organization's Biggest Assets

and equally penalised for poor guiding workforce and making
performance. things fall in place at the right

Non-tangible benefits are integral direction. This is way much better
part of offerings to executives. than underpaying or pay- paying
This includes, insurance, medical executives. Intangible benefits such
allowance, travel allowance and as mandatory leaves and vacations
other recreational and experience- could help in good work-life
based benefits. balance which could result in long
term association of the talented
Company should set targets and executives with our organisation.
KPIs for these executives and CEOs
looking at the current market trends Designing revised pay-out curve if
and conditions. Thorough analysis in case the performance for half year
should be made before drafting out is below par. Most of the times what
the figures that is numerical targets happens, at the time of preparation
for the given period of time in a of the budget at the beginning of
financial year. financial year the figures that are
drafted as targets may somewhat
There is a general practice to prove to be non-achievable at the
link executive compensation to time of half yearly analysis. In this
organisations stock, and executive case, our executives and CEOs along
are supposing to have larger chunk with their subsequent teams could
of company’s stock. This will go under tremendous pressures and
make sure that executives are on this could may well result in non-
the edge in a positive manner to performance.
keep performing better. Also, this
helps company in maintaining just This situation could be made to
enough pressures on them. be looked at in a positive pay by the
organisation by revising the variable
Recommendations pay-out structures and coming up

Aggressive pay for performance with plans to recover the targets
should be implemented. Variable as lot of the times due to market
pay should be made a crucial part of dynamics and changes in the trade
compensation of executives, which situations demands a revision in
will give them an edge and keep up operational strategy and working
to toes every time. This will in turn processes
lead to highly motivated executives

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