Compensation is Key to a Successful Business Essay

Compensation is Key to a Successful Business Essay

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Executive Compensation Business Key To run a successful business there are some master minds and professionals required who are not suppose to run the business only but should also know that how to take the business in the correct way and get more profit from that. They are not only focusing the current business location but also preparing the schedule for the future planning. The business is depends on the management and the managements is depends upon the managers, who are running the business in the smooth way. The institutional management is required for running the business so that the lack of communication between the employer and the employee has not happen. If the employees are satisfied for their demands the growth-required production will reach, and the company gets more profit. Key Posts To run a successful and a large setup business there are some hidden actors behind the scenes. Chair Persons, Executives, Chief Executive Officers, Managers etc are not only the good planners but also a major shareholder to get the company’s goodwill in the market. They played an important role in the company. Their salaries and compensations are not enough if they are a professional and played an important character to bright the company’s name in the local or international markets. Factors Depends Upon A Good Executives A good executive may have ability of his higher education, experience, market privilege and age benefits. Executive are so called, mastermind of any business, so if they are not capable according to their fieldwork they could be more harmful of a company. Types Of Executives Compensations There are many types of Executive Compensations, but it can also depend on the company’s structure what they are adopti...


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...sa. These graphs also help them to discuss by the Board compensation committee to review their executive compensation according to their performance in that given fiscal year. Bottom line A company is all-dependent to the good management and business skills. If the executive board members shows their individual skills and performed a positive attitude with sincerity then no doubt that the company will successfully reaches his higher destination. For that, the company must have sacrifice with the philosophy of give and take. The compensations and intentions of the company are the reward money to any good performer executives. References http://www.aflcio.org/corporateamerica/paywatch/retirementsecurity/index.cfm http://www.sec.gov/investor/pubs/execomp0803.htm International Edition, Management by Bovee, Thill, Wood, and Dovel – The McGraw-Hill Companies, Inc.

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