Laura Hay’s Post

Want to hear some of Meridian’s thoughts about what boards need to know about annual incentive plans? Then listen to the latest The Executive Compensation podcast and hear George Paulin and Gerard Leider discuss this topic. #annualincentiveplan #executivecompensation #directoreducation

Executive pay design relies heavily on annual incentives to drive performance. On today’s episode, George Paulin and Gerard Leider, Partners at Meridian Compensation Partners, LLC., share their expertise on optimizing annual incentive plans. They outline typical plan structures, analyze recent trends and provide tactics for addressing common goal-setting challenges. Key topics include differentiating short- and long-term incentives, determining appropriate performance curves and ranges, balancing shareholder and executive interests, incorporating non-financial metrics and more. Learn more in the episode, linked in the comments below. #Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback

Balancing short-term and long-term goals ensures that both immediate and future objectives are met effectively. Jonathan Szabo, Partner at Meridian Compensation Partners, LLC, discusses the varying levels of confidence companies have in setting one-year performance goals versus three-year plans. Jonathan highlights the importance of aligning short-term goals with the annual budget, and long-term goals with the company's strategic plan. For the full episode, use the link in the comments below. #Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback

Balancing short-term and long-term goals ensures that both immediate and future objectives are met effectively. Jonathan Szabo, Partner at Meridian Compensation Partners, LLC, discusses the varying levels of confidence companies have in setting one-year performance goals versus three-year plans. Jonathan highlights the importance of aligning short-term goals with the annual budget, and long-term goals with the company's strategic plan. For the full episode, use the link in the comments below. #Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback

Establishing goals that motivate and align is essential for incentive planning. Meridian Compensation Partners, LLC Partner, Jonathan Szabo, and Principal, Mike Meyer, join this episode to discuss the importance of aligning performance goals with compensation philosophy and to talk about who should be involved in the goal-setting process. Jonathan and Mike cover the importance of considering internal budgets, performance curves, shareholder expectations, economic uncertainty and more. They look at strategies for both short-term and long-term incentives. Click the link in the comments for the episode. #Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback

Setting the Right Performance Metrics for Special Awards Setting the right goals is crucial for the success of any executive compensation program. Michael Brittian explores the challenges and pitfalls of establishing performance metrics for special compensation awards. Learn why aligning these goals with realistic expectations is key to driving extraordinary performance and creating shareholder value. Click the link in the comments to watch the full episode. #Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback

Bonuses drive performance. Thoughtfully designed bonuses are crucial for motivation, says Gerard Leider of Meridian Compensation Partners, LLC. Typical executive plans use financial metrics and multipliers to encourage high performance. See the full episode for more, linked in the comment below. #Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback

Should executives be incentivized solely on financial metrics, or do strategic goals deserve a seat at the table too? Jared Berman of Meridian Compensation Partners, LLC says that while hard numbers are crucial, we should explore the value of also incorporating individual objectives that move the bigger picture forward. Striking that balance between oversight and accountability is challenging but essential for long-term value creation. Click the link in the comments to hear the full episode. #Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback

Struggling to keep your financial strategies on track for the long haul? In the latest episode of Life Unlimited, Larry Heller, CFP®, CDFA®, discusses the secrets of corporate benefits and cash management for business owners. Learn how to update your 401(k) plans, optimize cash reserves, and build a robust network of professionals. Gain insights on attracting and retaining top talent, maximizing tax savings, and enhancing your business’s financial health. Tune in now: https://bit.ly/4eSpsSF #LifeUnlimited #WealthManagement #InvestmentPlanning #BusinessStrategy #FinancialSuccess #EmployeeBenefits #TaxPlanning #CashFlow #Leadership #SmallBusiness

Navigating the dynamic world of family business can be challenging, especially when balancing family dynamics with business operations. Align compensation with contribution, Create clear incentives that foster loyalty, and have a clear and compelling strategic vision. #FamilyBusiness #ClearDirection #BusinessGrowth