At the end of 2013, Dan Walter was asked to predict what compensation would look like over the next 10 years. The first year of his predictions, 2017, is happening right now. Amazingly the news about executive compensation today reflects his predictions from 3 years ago.
Regarding executive pay
“…more leverage will be put on internal metrics and external metrics” (rather than TSR).
Regarding broad-base pay
“…far more of the budget will be dedicated to strong performers. Weaker performers will, unfortunately, be left further and further behind.”
Dan also made predictions for 2019 and 2023. Take a look at the full post from 2013 to see the future.
Do you want to get ahead of the compensation trends? Are looking for better ways to be competitive in a tight job market filled with companies paying almost exactly the same way? Perhaps it’s time to contact Performensation and create an approach to compensation that is future-proof.
Dan is the President and CEO of Performensation, a total rewards consulting firm that is dedicated to aligning pay with corporate strategy and culture. For more than a decade Performensation has been helping companies be successful by beating their competition. Call us today to start planning your future.