Aligning Executive Pay to Drive Performance
Executive compensation is often a hot topic around the boardroom table. Ideally, the board wants to ensure that its executives receive fair compensation for their efforts but also have a special incentive to reach specific goals for the company’s growth. A poorly designed executive compensation package can result in management leaving for greener pastures or
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Why You May Need a Chief of Staff
The chief of staff role is common in the military and government. It’s usually a very prominent role, and the people who fill it act as advisors to top military brass and high-level government officials. The role is not quite as common among civilian organizations, but that may be changing. What exactly is a chief
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COOs and Operations Leaders’ Role in an Organization
Chief operating officers (COOs) are forward-thinking corporate executives who can see the big picture from a great distance and develop strategic plans to take advantage of business opportunities and position the company for success. The chief operating officer (COO) is responsible for managing the organization’s administrative, operational, and management procedures and keeping all levels of
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How Much Do Private Equity CEOs Earn?
A private equity firm often seeks to enhance its return on investment by revamping the executive team. When a private equity firm takes majority control of an organization, it can implement strategic decisions that alter the company’s short- and long-term vision. Choosing a new private equity CEO isn’t easy. PE firms must find someone who:
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The CHRO Playbook: Start Your CHRO Journey on the Right Foot
New CHROs tend to get excited about their roles because they have the opportunity to revamp an organization’s human resource function, implement new benefits solutions, and bring new life to a company. Some CHROs fill an existing position, while others join the organization in a completely new role. Whether you’re the newest member of an
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Why Your Company Needs a Total Rewards Package
As a business owner or senior manager, you’re already familiar with using salary and benefits packages to attract and retain employees. However, you might not have heard of total rewards packages. Essentially, total rewards encompass a combination of tangible and intangible benefits. Rather than concentrating on the standard compensation of salary, health care, and vacation
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Managing in a Recession
Amid the Federal Reserve’s implacable rate hikes targeted at rising inflation, corporations and small businesses across the US are increasingly tightening belts at the prospect of a coming recession. While a recession, much like the seasons, is a natural phase in the lifecycle of any economy, it can spell difficult times for companies and consumers
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Business Turnaround Strategies
Amid an increasingly uncertain commercial landscape, many companies find their business threatened or on the brink of failure. Various factors may be at play here, from a rapidly evolving market to poor performance or a failing business model, but they all carry the same bottom line for companies – change or die. Businesses in this
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Filling the C-Suite: Top Strategies for Executive Recruiting
American companies face a looming challenge when it comes to filling executive positions. According to the career site Monster.com, 75 million baby boomers are expected to retire in the coming years. Given that many of these seasoned employees occupied C-level positions, hiring managers will need to consider their executive recruiting strategies for the years ahead.
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Changes in Modern Leadership: Finding the Right CEO for Your Organization
There are a lot of factors to consider when finding the right CEO for your company. Generally speaking, the most critical factor is finding someone with the right skill set and experience, but you also need to ensure they’re a good fit for your company’s culture and vision. As you decide who the right person
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