According to Chief Executive’s 2016-2017 CEO & Senior Executive Compensation Report for Private Companies, CEO and C-Level perquisites matter.
While perhaps not as lavish or as prevalent as they are at public companies, there are some perks to which private company CEOs and senior executives have grown accustomed. Companies that want to remain competitive and attract the best and brightest executive talent should consider perks that are not necessarily costly, but go a long way to making the executive’s life a little easier. And, of course, CEOs and other senior executives negotiating their own pay packages should consider including these perks in their lists as well.
As the chart shows, the leading perks are personal technology, a company car and parking. All relatively inexpensive–and no doubt well worth it.
Employment contracts (#4), may require the board to think a little longer and harder about how to structure the right package. It’s worth considering less expensive perks such as club membership (#5) and gym memberships (#6) as well.
It is nearly impossible to get trustworthy private-company compensation practices and reliable analysis by experts. The 2016-2017 CEO & Senior Executive Compensation Report for Private Companies is the ONLY authoritative source of this highly valuable data. Offering a breakout of compensation data by company size, annual company revenue, and industry, the report helps to determine the right mix of short vs. long term compensation to retain your best people.
For more information, go to: ChiefExecutive.net/compreport.