In addition, as external scrutiny of programs intensifies, organizations must be mindful of how the public perceives programs and pay outcomes. A CEO's reported compensation can impact an organization's reputation in the community and among donors, and it can also draw the attention of industry regulators, the Internal Revenue Service and politicians. Organization executives and their boards often are caught off-guard when asked to explain their compensation decisions. Warren Buffet said it best: “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”
Sullivan, Cotter and Associates, Inc. advisors know that internal and external communication of executive compensation programs and outcomes can be as critical as the program design.
As an added value to our executive compensation planning services, our advisors can work with your organization to develop key messages and materials for effectively communicating your programs and preparing in the event external stakeholders have inquiries.
Clients also can rely on SullivanCotter to help deliver information to executives on the value of their total compensation package. Whether it's an onsite board meeting, a strategy team retreat or summary program documents, our senior advisors customize communications, tailoring the mediums and the messages that are essential to success.
Sullivan, Cotter and Associates, Inc.’s Survey of Manager and Executive Compensation in Hospitals and Health Systems provides the data to make informed decisions that assure you meet the dueling demands of regulatory compliance and attractive, performance-driven executive compensation.