CEO Roundtable: Competitive Compensations Strategies
April 17, 2017 – The CEO Roundtable recently held a panel discussion event hosted at the University of St. Thomas in Minneapolis, MN. The theme of the panel discussion was “Competitive Compensation Strategy.”
Joe Reardon, Managing Director of Finance & Accounting at Versique, was a featured panelists for the event. Joe, who has over 15 years of experience, provided valuable insights on competitive compensation strategies. Other panelists included; Dan Byrne, a Compensation Consultant; Scott Rollin, the President of Management Compensation Resources; and Dan Kelly, an attorney specializing in employment law. The discussion at the well-attended event included topics such as the trend away from offering executives stock in the company, non-monetary compensation terms, the most common issues companies ask for help with, compensation surveys and dealing with the data, and mistakes CEO’s have made when beginning their compensation strategy.
The varied backgrounds of the panelists provided for a fast-paced and very informative perspectives of executive compensation as a strategy. The feedback from members in response to the event was overwhelmingly positive and some of the many takeaways from the discussion included the importance of CEO’s to understand their respective cultures and what truly motivates their employees, compensation related or not. Several CEO’s in attendance stressed the importance of having flexibility in the work place, and the significance this aspect of their cultures had on employee retention. Appropriate succession planning is frequently a challenge for many business leaders.
The CEO Roundtable is comprised of CEOs from fast growing Minnesota companies who want to share their ideas, experiences and insights. The next CEO Roundtable breakfast at St. Thomas is on May 25th and is covering the topic: “Honing True Leaders.” To learn more visit their website here.
To learn more about Joe Reardon and Versique, click here.
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