Describe executive compensation program for a national beverage distributing company
You are an HR specialist for a national beverage distributing company. The company has been losing top executives to rival companies. Exit interviews have discovered the primary reason executives are leaving is executive compensation packages offered by other companies. The company has appointed you to lead a compensation committee, tasked with revamping its executive compensation program.
For your post, describe several elements of a new executive compensation program, including descriptions and examples of base salaries, benefits, perks, short and long-term performance-based incentives, and exit packages. Analyze the impact of the new compensation program to the retention of executives, long-term growth and success of the organization.