EXECUTIVE REMUNERATION
Executive pay: putting principles into practice
The Chartered Institute of Personnel and Development has published further guidance on its “Principles of executive remuneration” to help HR directors and remuneration committees put the principles into action.
The CIPD says: “Responding to these key questions can support an organisation through the process of developing its approach to executive reward. Similarly, if an organisation struggles to answer one of the questions, that may identify where further work could be needed before the appropriate approach to executive pay can be found."
It adds: “The questions are intended to provoke good-quality thinking and decision-making around reward for executives. There is no ‘tick-box’ approach to this complex issue that will meet the needs of every organisation. Some of the questions may not be relevant to smaller, public or voluntary organisations.”
%ADVERT%
Want to know more?
Principles of executive remuneration
A framework to help HR directors and remuneration committees when developing executive remuneration policies, practices and structures:
www.cipd.co.uk/podcasts/_principlesofexecutiveremuneration.htm
Executive pay: putting principles into practice
Further guidance to those who are trying to put the ten principles into practice:
www.cipd.co.uk/subjects/pay/general/_exec-pay-principles-into-practice
The Chartered Institute of Personnel and Development (CIPD) has over 135,000 members and is the “leading professional institute for those involved in the management and development of people”. For more details visit www.cipd.co.uk.