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NFP Compensation Insights | January 2024

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Compensation and Benefits in 2024 A new year is upon us, and you may be wondering what is in store for the compensation and benefits world. What trends and circumstances are shaping the industry in 2024 and how can you be prepared?  In this month's edition of Compensation Insights, we take a look at emerging trends...

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2024 Midstream and Upstream Industry Compensation Surveys Open April 1st!

Attract and retain the best talent in the oil and gas industry to maximize your company's performance! Keep your compensation programs competitive by participating in NFPCC's Midstream and Upstream Industry Compensation Surveys. Get access to the latest benchmarks in both corporate and technical roles, inclusive of actual total direct compensation and target total direct compensation.  Learn more about the Midstream Industry Compensation...

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NFP Compensation Insights | December 2023

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Compensation Resolutions for 2024 A new year is around the corner and it's a great time to reflect on experiences from this year and reevaluate compensation strategies for a successful 2024. In this month's featured article, we share our top recommendations to enhance your compensation structures and get you on the right track for the new...

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NFP Compensation Insights | November 2023

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » The Dynamic Process of Setting Executive Compensation Executive pay continues to be a highly controversial topic as media reports tend to focus on egregious compensation packages to seemingly undeserving executives. While this is true in some cases, it is not the norm. And while pay for performance will always be a main factor tied...

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NFP Compensation Insights | October 2023

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Our Role in Risk Management The role of compensation consultants is vital when it comes to risk management. Companies should be able to rely on us for peace of mind, knowing we have equipped them and their Boards with all the information needed to make sound, well-informed decisions regarding their compensation programs. Companies today have...

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Compensation Consultant’s Role in Risk Management

In today’s dynamic business landscape, risk management is a paramount concern for organizations striving for sustainable success. Among the myriad aspects of business operations that require careful oversight, compensation management stands out as a crucial area that can impact an organization’s risk profile. Compensation consultants play a pivotal role in helping companies navigate these complexities. Below our team delves into...

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Subchapter S Bank Association Annual Conference

October 19-20, 2023The Omni La Mansion del Rio San Antonio, TX Join us for the 26th Annual Subchapter S Bank Association's Conference - the only conference specifically created to educate and help financial institutions maximize the benefits of their S Corporation election. Listen to the latest in strategies and tactics to improve bank performance and ensure ongoing compliance from the...

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NFP Compensation Insights | September 2023

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » ESG and Executive Pay Linking ESG to executive compensation continues to be an upward trend, however there is still much controversy and complexity for corporations as they determine if including ESG metrics in incentive plans makes sense for them. In this month's featured article, we provide a backdrop on how ESG concerns have evolved, where we are...

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American Bankers Association Webinar

Charting the Course: Future Predictions and Current Market Updates on Compensation and Executive Benefits October 4, 2023 | 2 - 3 PM ET Banks must strike a balance between attracting and retaining key talent while addressing stakeholder concerns and aligning pay practices with value creation. Join Tyler Brown and Ken Derks from NFP Executive Benefits, an endorsed provider of the...

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NFP Compensation Insights | August 2023

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Total Rewards for a New Era The concept of total rewards is nothing new to the HR professional. But as the workforce evolves, especially after a pandemic, we are forced to view total rewards through a different lens. Compensation and healthcare benefits may have been good enough to attract and retain employees in the past,...

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NFP’s Executive Benefits Trends Study Reveals Critical Insights for Competitive Compensation Packages

NFP has conducted an in-depth survey around executive compensation and benefits to help you stay abreast of the latest trends affecting the industry. We understand attracting and retaining top-level executive talent is paramount for your organization's success and NFP's executive benefits trends study provides critical insights for shaping competitive compensation packages. Some of the key findings reveal: Most business leaders have found...

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Compensation Strategies Webinar

Plan Ahead: Compensation Strategies for 2024 September 20 | 11:00 - 12:00 p.m. ET Join Megan Nail, vice president of NFP's Total Rewards Practice on September 20 as she guides you through the essential information you need to ensure fair and equitable compensation for your employees. As you prepare for 2024, understanding the market data and trends is crucial to making well-informed...

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NFP Compensation Insights | July 2023

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Compensation for Bank Executives Executive compensation continues to be a topic of intense scrutiny and complexity across all industries and compensation in the banking sector is no exception. In fact, the financial industry faces unique challenges and regulatory concerns that require a strategic approach to ensure long-term stability and growth. In this month's Compensation...

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Executive Compensation in the Banking Industry: An Overview

Executive compensation is a complex and multifaceted subject that plays a crucial role in the functioning of banks. In a vibrant financial sector, the compensation of executives at banks is of significant interest and scrutiny. This comprehensive explanation aims to delve into the intricacies of executive compensation in the banking industry, providing insights into the factors that influence compensation packages,...

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Fall Compensation Bootcamp

Are you looking for a virtual, yet comprehensive compensation training program? NFP has your back! Our Fall 2023 Compensation Bootcamp is now open for registration. Our team of nationally recognized experts will give you the opportunity to learn the basics as well as advanced compensation strategies. Click below for the full details and to register! LEARN MORE AND REGISTER →

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NFP Compensation Insights | June 2023

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Mid-Year Look into Salary Increase Trends We are halfway through the year and it's a good time to assess how compensation increases have panned out this year so far. 2023 has seen the largest pay increases since 2008, however, they are below what organizations originally projected. Data also suggests an overall slowdown in compensation as...

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NFP Compensation Insights | May 2023

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Keeping Compensation Programs Competitive and Equitable The war on talent persists as organizations struggle to attract, motivate and retain their employees. The recent focus on pay transparency and equity are adding a new level of complexity to the mix. Companies are trying to figure out how to keep compensation programs competitive, yet fair and equitable while...

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Join us at the Texas Bankers Association CFO Conference

Texas Bankers Association 2023 CFO Conference | June 14 -16 Hyatt Hill Country Resort San Antonio Join NFPCC Practice Leader Tyler Brown on June 16 for an informative discussion- Turning Carrots into Karats: Trends in Executive Compensation Across the US and in Texas; What Has Changed and Why it Matters? In this session, we will cover trends in compensation across...

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Webinar – Turning Carrots into Karats: Trends in Attracting and Retaining Executives

May 25, 2023 | 10:00 AM CT Join NFPCC Practice Leader, Tyler Brown in this informative session covering the latest trends and key concepts in executive compensation across all industries. He'll also explain how to develop effective retention strategies focused around a pay for performance philosophy. Through these philosophical perspectives participants can better arm themselves from a forward-looking budgeting perspective...

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NFP Compensation Insights | April 2023

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Staying Ahead of Rising Compensation Challenges Boards and management teams are facing an increasingly demanding environment when it comes to compensation-related issues. Inflation, a tight labor market and retention concerns are just the tip of the iceberg. Companies have much to grapple with and it's critical they have good systems in place to stay ahead of...

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NFP Compensation Insights | March 2023

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » The Evolving Role of the Compensation Committee The role of the compensation committee continues to evolve and grow in complexity. Members can now expect to have more responsibilities as their roles expand into unchartered areas due to rising pressures from shareholders, proxy advisory firms and employees themselves. In this month's featured article, NFPCC shares thoughts...

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Banks Need a Game Plan to Keep Your Best People

Bank Compensation and Benefits Study identifies concerns and solutions Today's competitive and ever-changing banking industry demands focus on attracting and retaining top performers as an essential tool for success. It's no surprise the 2022 TBA Bank Compensation and Benefits Survey identified attracting, motivating and retaining talent as the top three concerns for participants. In this article, we break down key...

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NFP Compensation Insights | February 2023

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Pay Transparency Laws Pay transparency laws continue to gain momentum as more states are now requiring employers to disclose salary ranges. These laws have been enacted as part of the efforts to achieve greater pay equity and identify pay disparities in defense of employees. While it may seem that this will only benefit employees, ultimately,...

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NFP Compensation Insights | January 2023

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Annual Incentive Payouts and TSR - Is There a Link? It's the start of the new year and companies are preparing their salary budgets and planning for annual incentive bonuses. Traditionally, it's known that organizations will use TSR performance (Total Shareholder Return) as a metric for long-term incentive planning. But how does TSR come...

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2023 Midstream & Upstream Industry Compensation Surveys – Open April 1st

Keep your compensation programs competitive by participating in NFPCC's Midstream and Upstream Industry Compensation Surveys. Get access to the latest benchmarks in both corporate and technical roles, inclusive of actual total direct compensation and target total direct compensation.  Learn more about the Midstream Industry Compensation Survey » Learn more about the Upstream Industry Compensation Survey » REGISTER TO PARTICIPATE

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Should TSR Performance Be Accounted for in Annual Incentive Plans?

It’s that time of year again as calendar year organizations begin to finalize their respective annual incentive/bonus payouts. Within this context, many board members and directors, in their totality, are wrestling with investor perspectives and pre-determined performance metrics. This convergence of thought processes has been a continued hot-button topic covering the previous five years. Within this article, NFPCC analyzed recent...

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Executive Compensation Considerations in the 2023 Reporting Season

Proxy season is around the corner and there is much to consider in regard to executive compensation disclosures. The SEC has new rules around pay for performance and clawback provisions which companies will need to examine closely in order to craft effective disclosures. This timely article from Skadden shares guidance on pay for performance, say on pay, pay ratio, clawback...

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NFP Compensation Insights | November 2022

Compensation Risk Assessments As we near closer to the 2023 proxy season, preparations are underway as public companies gather requirements for various compensation-related disclosures. Among them are the results of a compensation risk assessment. The SEC requires detailed disclosure only if the company believes there is significant risk. It has become common practice for organizations to simply state they conducted...

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2022 Midstream & Upstream Industry Compensation Survey Results

We have completed our annual midstream and upstream compensation surveys and recently released the results. Once again, this year's responses revealed interesting findings in these sectors. Below we share notable takeaways from each survey. Midstream Survey The median 2023 projected salary increase budget for all employees is 3.5%.The most commonly used financial and operational metrics for annual incentive plans are...

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NFP Compensation Insights | October 2022

Executive Retention Strategies By now, we are all well aware of the high turnover rates in the employee population and the Great Resignation phenomenon. Companies have been implementing creative strategies for attraction and retention to deal with this ongoing challenge. But what about turnover at the executive level? Although not at the same alarming rates as employee resignations, executive turnover...

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Our Rebrand is Complete!

We are excited to announce our rebrand as NFP’s Compensation Consulting practice is complete! Our integration with NFP allows us to expand our capabilities and create new paths for collaboration that elevate value for our current and future clients. While things have changed, we’re still the same team of people, delivering the same exceptional expertise and service you’ve come to know....

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NFP Compensation Insights | September 2022

The L-Blast is Now NFP Compensation Insights! The SEC's Final Ruling on Pay vs. Performance Last month, the SEC released final rules on the pay for performance disclosure requiring public companies to submit additional information regarding executive compensation and its relation to company performance. For most companies, the new disclosures will be required in their 2023 proxy statements. The new...

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NFP Compensation Insights | August 2022

The L-Blast is Now NFP Compensation Insights! Four-Day Workweeks are Getting More Attention As companies continue to struggle with attraction and retention challenges, employers are exploring more creative options to entice workers. Remote work, flexible schedules, better pay and benefits are some common ways organizations have been coping with workplace challenges. But, recently we have seen more conversations around a...

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Following Inflation & Compensation

It has been decades since Americans have experienced record high inflation. Macroeconomic conditions, monetary policy, and a long list of other factors have caused inflation to rise around 8.6% over the last 12 months, and the consensus is inflation will continue to trend higher. Inflation is projected to increase to about 9% by the end of summer followed by a...

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Compensation for a Multigenerational Workforce

In times of economic uncertainty and heightened retention concerns across all employers, utilizing capital to its highest utility is of the utmost importance. NFPCC has been diligently focused on the strategic use of compensation within client organizations. Specifically, NFPCC has consulted with clients to understand philosophical and psychological differences amongst their respective workforces. Within the U.S. workforce today, four different...

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Compensation Strategies & Emerging Trends for 2022

Companies preparing compensation strategies for 2022 can expect similar conditions to what we have seen in 2021. The ever-changing environment along with sporadic regulatory requirements from COVID protocols are forcing companies to be more adaptable. Believing the US economy and workforce will retreat to their pre-pandemic form is unreasonable. Therefore, companies must continue to adapt, taking lessons learned from 2021....

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Recruiting & Retention Crunch

The effect of the 2020/2021 economy has wrecked recruiting and budget plans, causing a shifting of power. Specifically, the transition and pausing of business in the early months of the pandemic resulting in a precipitous decline across all sectors. The economy has rebounded, yet many businesses have not been able to find or retain the talent to fill their crucial...

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What’s the Real Deal? Bridging the Gap Between Reported Pay & Realized Pay

For a long time and even more recently in a pandemic/worldwide health crisis, the compensation of executives, specifically in cyclical and commodity-based businesses, has always been scrutinized. Our firm sees articles like Forbes’ “CEO Compensation is Out of Control” and hears comments from top professionals like Warren Buffet saying, “I do not like what is going on with executive compensation."...

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The Versatile Compensation Tool Banks Need to Retain Key Employees

Bank executives have some of the most highly transferrable, in-demand skill sets, leaving boards to decipher the best and most efficient ways to stay competitive while aligning the future of their organizations. They must balance three pillars of a well-rounded talent strategy: attracting new executives, retaining mission-critical employees and aligning interests. These pillars can be boiled down to tying executives...

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Executive Perks Today

Executive compensation in the eyes of shareholders and outside observers is a complex, intriguing subject matter that always has people talking. As for public company executives, with their compensation required to be disclosed, the discussion around how much the company leaders are being compensated always appears as a topic of interest. Looking closer at the details surrounding executive pay, in...

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SEC’s New Rule on Human Capital Disclosures

In all businesses, the single largest asset and investment are the people. As any company leader knows, the biggest cost of doing business is most oftentimes the cost of labor; inclusive of wages, benefits, payroll, or other related taxes. This investment of organizational funds has been a rising hot button topic amongst lawmakers, politicians, and organizational employees. This general traction...

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Industry Consolidation and Its Effects on Compensation

The corporate structure over the past 30 years has been predicated mainly around the regulations necessitated by actions taken by corporations that have ultimately resulted in negative consequences. A constant balancing act of an open-market economy vs. necessary regulation has seen corporations combat the forces of what they can and cannot do. Now, as we endure yet another macro-economic financial...

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The Board’s Role in Managing Crisis

As many of us settle into what has become a new normal, businesses are feeling the wave of negative effects the Coronavirus (COVID-19) has brought to the American economy and are desperately trying to navigate the challenges brought forth by this crisis. For many it has meant salary cuts, furloughed employees and altered every-day business operations. But how should boards...

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Election Year and Its Effects on Compensation

Every January, NFPCC purposes to focus on major events that will shape the compensation landscape in the new year. In 2020, the biggest factor that will impact the future of compensation packages and organizational success/profitability, that is a certainty, is the 2020 presidential election this November. As NFPCC has attended many board meetings over the fourth quarter of 2019 and...

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2019 ISS Benchmarking Policy Survey – Key Findings

NFPCC REPORTS KEY FINDINGS IN ISS 2019 SURVEY On Sept. 11, 2019, Institutional Shareholder Services Inc. (ISS) announced the results of its 2019 Global Policy Survey based on respondents including investors, public company executives and company advisors. ISS will use these results to inform its policies for shareholder meetings occurring on or after February 1, 2020. ISS expects to release...

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NFPCC Original Article: Executive Compensation Best Practices for 2020 Series 1 – Public Companies

Companies often ask us, “What are we not doing that we should think about as it relates to executive compensation?” We recognize the executive compensation environment is continually heating up with pressure from just about every angle, and as a result, the answers to this question periodically change. As such, we have compiled a few thoughts applicable for the current...

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