Compensation Plan Review & Design
One of the most important decisions a company can make is the nature and structure of its incentive compensation plans. It can be challenging to design and implement effective plans which motivate and retain employees, set high achievement standards, provide appropriate market levels of financial opportunity, align with the goals of the company and its shareholders, and allow for flexibility and discretion in a rapidly changing business environment.
One of CEL’s most requested and valued services for private and public real estate companies is our creative and insightful support through the process of designing, developing, adopting and implementing new incentive programs.
The process includes examination of alternatives, selecting performance criteria, calibrating expectations to market compensation, providing for internal equity, protecting both employee and investor/owner interests, supporting regulatory and legal compliance, achieving consensus among leadership/owners, implementing an effective program of communication, and establishing effective administration. Compensation plan development can be a daunting process, and is best accomplished with the assistance of CEL experts.