Simplifying executive reward - Hay Group guide

EXECUTIVE REMUNERATION

Simplifying executive reward – Hay Group guide

There’s little doubt that all involved in executive reward are calling for pay to be made simpler. But the route to simplification isn’t all plain sailing, not least because simplicity means different things to different organisations.

So how do we get there? Hay Group has published a handy guide that examines:

• What drives complexity in executive reward.
• How to create the right conditions for simplification.
• Approaches to simplification – what steps can companies implement.
• How to find the right level of simplification for your organisation.

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As Peter Boreham, UK head of executive remuneration at Hay Group, explains:

“In our experience, when executive reward becomes overly complex, the reasons are largely behavioural. Certain embedded habits, mindsets and thought processes among remuneration committees are what tend to drive complexity.”

Want to know more?

Title: Simplifying Executive Reward: What’s your best route? Hay Group, June 2013.

Availability: You can download the 13-page report, free of charge, at www.haygroup.com/uk/downloads/details.aspx?ID=37411.

Hay Group is a global consulting firm that “works with leaders to turn strategies into reality”. It has 85 offices in 49 countries, and work with over 7,000 clients across the world. For more information, visit: www.haygroup.co.uk.