Book discusses executive pay and bonuses, long-term compensation, benefits, say on pay
Jan. 20, 2011 — Washington — Think executive compensation is a controversial topic only for American companies? Think again.
A new book, “Executive Compensation Practices in the U.K.,” expertly written by Steven Balsam, Ph.D., Yu Flora Kuang, Ph.D., and Bo Qin, Ph.D., provides an up-close look at the ways corporate executives are compensated in the United Kingdom.
Published by WorldatWork Press, this 150-page book is released at a time of ongoing public criticism regarding the pay packages of British executives. As in the United States, there has been growing concern about the high levels of compensation being awarded to some U.K. executives.
The book opens with a general review of compensation practices in the U.K., including salary, bonuses, long-term compensation and benefits. It also details three areas that influence compensation: governance, taxation and accounting.
“Executive Compensation Practices in the U.K.” is a must-read for human resources professionals at multinational corporations, or for anyone interested in gaining better insight into the way U.K. executives are paid.
The book discusses:
– The important role long-term incentives play in compensation packages.
– “Tournament Theory” pay practices.
– “Say on pay” which has been law in the U.K. since 2002.
– What regulators in the U.K. are doing to keep an upper hand on executive compensation in the wake of eye-popping corporate scandals.
– Types of taxes and accounting standards that apply to executive compensation.
The authors are all university professors with expertise in the fields of executive compensation, earnings management and corporate governance, having written and lectured extensively on the subject area.
The Total Rewards Association
WorldatWork (www.worldatwork.org) is a not-for-profit organization providing education, conferences and research focused on global human resources issues including compensation, benefits, work-life and integrated total rewards to attract, motivate and retain a talented workforce. Founded in 1955, WorldatWork has nearly 30,000 members in more than 100 countries. Its affiliate organization, WorldatWork Society of Certified Professionals®, is the certifying body for the prestigious Certified Compensation Professional® (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), Work-Life Certified Professional™ (WLCP®), Certified Sales Compensation Professional™ (CSCP™), and Certified Executive Compensation Professional™ (CECP™). WorldatWork has offices in Scottsdale, Arizona, and Washington, D.C.
The WorldatWork group of registered marks includes: Alliance for Work-Life Progress® or AWLP®, workspan®, WorldatWork ® Journal, and Compensation Conundrum®.
This press release was distributed through PR Web by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.