Objective

The role aims to develop, implement, and manage the executive compensation strategy to attract, retain, and motivate top executive talent. The advisor ensures that executive compensation is competitive and aligned with the organization's goals and regulatory requirements.

Description

Guides organization's executive compensation strategy and decisions.

Sample Questions

• What are the basics of executive compensation?
• How to ensure compliance in executive pay?
• How to align executive compensation with company strategy?
• How to communicate executive compensation to stakeholders?

Key Functions

Develops executive compensation strategy, designs executive compensation programs, analyzes market data, ensures regulatory compliance, manages communication with stakeholders, negotiates contracts, reviews and updates policies, collaborates with HR and Finance departments, and prepares reports for Board of Directors.

Required Skills

Knowledge of compensation strategy development, executive compensation design, market data analysis, regulatory compliance, stakeholder communication, contract negotiation, policy review and update, interdepartmental collaboration, report preparation for Boards, understanding of corporate governance, proficiency in compensation benchmarking, and expertise in tax and legal aspects of compensation.