Position & Peer Group Compensation Benchmarking
Experience reinforces the fact that compensation is an art as well as a science. Effective compensation decisions must create the performance recognition and reward programs that:
ne of the essential services provided to the real estate industry by CEL is the tracking and review of market compensation information for senior executives and other key company management and operating positions on behalf of owners, investors, Boards of Directors, Compensation Committees, CEOs and Senior Management. Regardless of the company type or its ownership structure, an independent market review of senior executive compensation is an essential element in public and private management responsibilities and governance. CEL has performed many such reviews for: annual public company Compensation Committee needs; periodic private company management reviews; and special circumstances related to strategic transition, client/investor requests/reviews, leadership change, retention concerns or other operating circumstances.
For senior executives, mid-level management and other operating (and property level) positions, the annual CEL National Real Estate Compensation & Benefits Survey and the depth of other CEL proprietary compensation databases and knowledge provides clients with industry leading compensation resources for evaluating positions deep into a real estate organization. CEL is always “on top” of industry data and trends, and can apply them to the unique needs of individual companies. Our databases of compensation information, industry knowledge based on consistent client interaction, as well as relationships with hundreds of real estate industry companies provide us with an unmatched capacity to define an appropriate peer group and provide timely market profiles to support award decisions and compensation planning.