The Litigation Boutique LLC
303.578.2833 

Understanding executive compensation packages

Getting to the executive level at your company is a great accomplishment. You have worked hard to get to where you are and there are benefits to your dedication. One of these is probably an increase in income and a new type of pay package.

If you are in an executive position, you may not realize what the differences in compensation are compared to hourly or salaried workers. It may surprise you that there are significant changes to the pay structure at the executive level and there are different components to your pay package.

Basis of pay

For salaried employees, pay is not generally dependent on company results. However, many executive-level pay is based on the performance of the company. If a company performs well and meets or exceeds its goals for the year, there may be substantial rewards in the form of pay.

Components

Compensation packages for executives generally have a few different components. Some of these include:

  • Base salary – annual income
  • Performance based annual and long term incentives – compensation for achieving company’s goals
  • Benefits – such as social security, insurance, vacation days and retirement plans
  • Executive perquisites – “Perks” such as parking spaces, financial planning assistance or company assets for personal use

Determining executive compensation is typically different from other lower level positions and can be complicated to figure out. You want to make sure you are getting a fair deal for your work and are adequately paid.

No Comments

Leave a comment
Comment Information
Email Us For a Response

Request A Confidential Case Evaluation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact Our Firm

office location:

The Litigation Boutique LLC
1720 South Bellaire Street Suite 520
Denver, CO 80222

Phone: 303-578-2833
Fax: 303-355-2199
Denver Law Office Map

Phone Numbers:

Review Us