All Posts By Kyle Lamport
Salary budget planning for 2022 has been a hot discussion as companies moved to finalize budgets for this year. In general, salary forecast trends for 2022 are currently tracking to be about one percent higher than previous projections earlier in 2021. Recent pulse surveys (conducted by Mercer, SHRM and WorldatWork) have surfaced suggesting companies are now looking to make increases...
Companies preparing compensation strategies for 2022 can expect similar conditions to what we have seen in 2021. The ever-changing environment along with sporadic regulatory requirements from COVID protocols are forcing companies to be more adaptable. Believing the US economy and workforce will retreat to their pre-pandemic form is unreasonable. Therefore, companies must continue to adapt, taking lessons learned from 2021....
Introduction Over the last 10 months, we have watched many companies across the US begin to shift from a traditional work landscape to a “work from home” environment. The cause? An on-going global pandemic. What appears to be one of the greatest human capital management endeavors in a generation, recent events have prompted remote work opportunities faster than any other...
MAJOR COMPONENTS (OR "BUCKETS") OF EXECUTIVE COMPENSATION ARE FUNDAMENTALLY SIMILAR IN PUBLICLY TRADED COMPANIES ACROSS ALL INDUSTRIES. We at L&A understand that although similar in function, there are certainly unique characteristics in every company’s respective compensation philosophy and pay programs. It is, however, worth mentioning that no matter how unique a company may be (i.e. industry), L&A has found more...
L&A attends over 100 board and committee meetings annually. Each meeting is unique; however, there is a key factor that makes a meeting and its discussions fruitful: PREPARATION. Benjamin Franklin once said “failing to prepare is preparing to fail.” L&A agrees with this adage, as an effective meeting can leave your team focused and energized. In fact, a single good...
While many businesses have a solid business plan in place, they often neglect implementing a compensation strategy. Without proper planning, it’s easy to offer too much or too little money to compete for talent and with the labor market at 3.9% unemployment (December 2018); it is critical to get compensation right to attract and retain the best. More troublesome is that some...
In July 2010 Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act; primarily, as a response to the financial crisis of 2007-2009. A key provision under Dodd-Frank requires public company directors to determine if the company’s compensation and governance programs incentivize or exacerbate company risk. Additionally, this rule requires companies to provide commentary within their proxy statement or...
Introduction We are now in the 8th year of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”). Among other things, the implementation of Dodd-Frank meant the majority of public issuers had to learn to navigate the waters of shareholder advisory votes on executive compensation, better known as “Say on Pay”. Every year, management teams, boards of directors, outside...
Over the past eighteen months, discussions on incentive compensation structures have been taking on a different element at a rapid clip in boardrooms across the country – as a result of investor pressures in the energy industry, annual incentive and long-term incentive performance metrics are getting the full health physical treatment. As we move into the second half of 2018,...
L&A was recently invited to participate in Tudor Pickering’s 2018 Hotter N’ Hell Conference. Dan Pickering quizzed L&A’s Chris Crawford on recent executive compensation trends in the energy sector. Here are just a few highlights from that “fireside chat”. Q: It is a hot topic among shareholders, but does executive pay really matter to stock performance... isn’t it a rounding...
