Keeping you informed on current issues.
The current state of the U.S. and the global economy is precarious. According to a recent Chicago Tribune article, there is likely a tidal wave of bankruptcies on the horizon for 2020, following an already over-active year.
As the weeks go by, the effects of COVID-19 have entered nearly all aspects of life and business.
Base salaries are the foundational layer of compensation across all industries. Base salaries differ between companies and industries primarily based on a combination of company-specific factors and individual factors.
If you do an internet search for “CEO pay”, you get 807 million hits, and most of those are “hits” on CEO pay. Some are warranted, and many are not.
While many businesses have a solid business plan in place, they often neglect implementing a compensation strategy.