Incentive Pay Makes Top US CEOs and CFOs Best Paid in World, According to First-Ever Global 250 Survey
CEOs and CFOs of the largest US global companies are paid more than counterparts around the world because they earn larger incentive compensation based on performance, according to the inaugural 2018 Global Top 250 Compensation Survey of CEOs and CFOs from FW Cook, Inc., FIT Remuneration Consultants LLP and Pretium Partners Asia Limited.
4% Salary Increase for Hong Kong and Singapore Despite Uncertainties But Bonus Tipped to be Down
Salaries in Hong Kong and Singapore will increase by 4% among financial services firms despite uncertainties in 2019. Bonus will be down to 5 months due to stagnant performance, according to independent management consulting firm, Pretium Partners Asia Limited("Pretium").
Pretium Year-end Rewards & HR Trend Survey-2018/2019
The Pretium Year-end Reward and Human Resources Trends Survey - 2018/2019 examines performance, reward and human resources trends in Asia to facilitate companies in preparing the year-end review and proactively plan ahead for 2019.
Pretium Incentive Practice Survey (2018)
The Pretium Incentive Practices Survey can help you revisit the truth about short-term and long-term incentives to increase competitive edge. The survey will enable companies to benchmark and tailor their incentive practices in Greater China and Asia.
How to Retain Key Talent after Bonus Season?
March and April are the lucrative months for employees due to the bonus season. However, this period often causes headaches among the HR due to the large number of resignations after the bonus payout. In order to prevent employees from walking out of the door with the bonus, HR needs to rethink how best to retain especially key talent after the bonus season.
No more “broad brush" approach in pay review. MTRC highly differentiates pay increase for top and bottom performers.
Top 10% performers in MTRC would get 5.1 % salary increase while the bottom performers would get just 1.7% uptick. A robust performance management system is a pre-requisite to differentiate performance and subsequently compensation to promote pay-for-performance culture.
Turn employees to be a boss of the company - How to use long term incentives to cultivate boss-like mentality like Tencent.
Tencent's announced interim results and YoY operating revenues increased by 59% in 2017. The company has successfully used stock based incentives to cultivate boss-like mentality among senior executives and critical employees, motivate them to innovate continuously. It has also awarded bonus shares to all employees to promote alignment of interest between the company and employees.
Differentiating Bonus with Performance
Pay-for-performance can sometimes seem an illusory concept; CEOs often face the dilemma on how to balance different levels and aspects of performance and to what extent the defined performance combine with other considerations in determining bonus payouts.
Are your INED fees back to the 90s?
HKMA suggests the basic fee of independent non-executive directors (INED) should be at least HK$400,000 per year. However, current INED fees generally remain at levels obtained back in the 1990s.
Is a Formula Better than Discretion in Paying Incentives?
Alignment between pay and performance has become increasingly important especially during economic uncertainties; there is constant debate on whether incentives should be determined by a formula or discretion to increase alignment. You may click here to review our thought leadership.
Rippling Effect – More Industries Embrace Partnership
Pretium survey finds more companies use long-term incentives to reinforce alignment and promote partnership. You may click here to review our full survey.
Long-term Incentives are Flourishing in Greater China
Pretium survey finds significant increase in long-term incentive plans due to relaxation of share regulations in China. You may click here to review our full survey.
Strengthen Performance Planning to Drive Performance Management
March denotes the end of a fiscal year, so April becomes the best time for performance planning and target setting. A carefully designed performance planning process can boost efficiency and facilitate the appraisal process at the end of the year. You may click here to review our thought leadership.
Globalization - It's Easier Said Than Done
The emphasis of the Belt and Road Initiative has given new impetus to companies to tap on the globalization opportunities. However, many companies are struggling to balance the paradoxical demand to think globally and act locally. You may click here to review our thought leadership.
Long-term Incentives as the Engine to Drive Partnership
Pretium study finds long-term incentive segmentation is the new normal of a partnership model to drive exponential growth. Chinese companies are quicker to use long-term incentives as the engine to drive partnership. You may click here to review our full survey.
Long-term Incentives to Drive Partnership rather than Manage Risks
Asian firms are set to maximize long-term incentives to drive partnership instead of risk management due to relaxation of regulatory requirements for share based incentives in China and increasing popularity of the partnership model spreading from the internet companies. You may click here to review our full survey.
Shifting Away From "Low Pay, High Bonus" for Sustainability
The recent study done by Pretium finds that Chinese firms are re-balancing compensation mix by shifting salaries and long-term incentives.
Budgeting & Manpower Planning:Top-down or Bottom-up?
The end of the third quarter marks the time of the year for HR leaders to partner with Finance counterparts to drive the annual budget and manpower planning process. Read more about our perspective on the practical approaches and how HR can do to reposition and reinforce HR as a strategic partner. You may review our thought leadership for Financial Industry &General Industry
Maximizing Employee Benefits—--Prioritize resources to increase benefit competitiveness and value
According to Pretium Benefits and Employment Terms & Conditions Study for Hong Kong Medical, Life & Disability Insurance, Annual Leave, Employee Education and Medical Checkup are the most prevalent benefits items among the key companies. You can click here to review our full study.
Pretium in the News
Why do Asia CEOs and CFOs get paid less? Humanresourcesonline.net Janaury 14, 2019
American CEOs and CFOs earn more than their foreign peers - benefits PRO January 8, 2019
Pretium: 4% Salary Increase for Hong Kong and Singapore Despite Uncertainties but Bonus Tipped to be Down - MARKETSINSIDER November 14, 2018
5% Salary Increase and 7.6 Months of Bonus Set for Financial Services in 2018 - CT finance November 15, 2017
Asia – Salary increase and bonuses growth expected to slow - Staffing Industry Analysts December 6, 2016
Pay cuts ahead for local bankers - Humanresourcesonline.net November 22, 2016
Why long-term incentives are flourishing in Greater China - FTSE Global Markets July 20, 2016
to get regular thought leadership from us!