InstituteCompensationAssociate Benefits & CompensationExecutive CompensationCompensationUSAHuman ResourcesEnglishAnalysisFocus AreaIn Depth (Level 3)
Executive compensation
['Compensation']
- Executive compensation consists of salary, benefits, and other forms of pay, and should be determined based on the organization’s goals and culture.
Executive compensation or “total compensation” typically consists of salary, employee benefits, bonuses, supplementary pension benefits, deferred compensation, and other fringe benefits, including severance pay. The compensation program should be established according to company culture and human resource goals. The company’s pay philosophy will determine the mix of total compensation it provides to executives.