Compensation Structure In Financial Services Industry
In this video, how different positions are compensated, and how pay varies relative to expectations, is explained. Some positions have more of their total compensation opportunity tied to performance, while others have less. It is important to be "at market" relative to total compensation for meeting expectations as it is difficult to attract and retain talent with below market total compensation. High performers expect to be recognized with above market total compensation when expectations are exceeded. Conversely, consequences must exist for falling short of expectations. Both are equally important when creating an "ownership thinking" culture. (Video Length: 5 Minutes, 14 Seconds)