Famous Kala Jadu, Kala ilam specialist in USA and Bangali Amil baba in Saudi ...
Executive compensation
1. Allama Iqbal Open
University, Islamabad
Topic:
Executive Compensation
Presented to: Miss Qurat ul Ain
Presented by: Mateen Altaf
Class: MBA (B&F) 5th semester
Subject: Strategic HRM (8538)
mataltaf@hotmail.com
2. Acknowledgment
First of all thanks to ALLAH, Who is most beneficent & the
most merciful, Whose blessings are abundant & favors are
unlimited.
It’s my pleasure to acknowledge the guidance and support
of my subject teacher Miss “Qurat ul Ain” for his endless
guidance.
I would also like to acknowledge the “United Bank Limited“.
3. Introduction
Executive compensation or executive pay is composed of
the financial compensation and other non-financial awards
received by an executive from their firm for their service to the
organization.
It is typically a mixture of salary, bonuses, shares of or call
options on the company stock, benefits, and perquisites
ideally configured to take into account government regulations,
tax law, the desires of the organization and the executive, and
rewards for performance
4. The compensation program serves three main purposes.
1) It must attract executives with the skills, experiences, and
behavioral profile necessary to succeed in the position.
2) It must be sufficient to retain these individuals, so they do
not leave for alternative employment.
3) It must motivate them to perform in a manner consistent
with the strategy and risk-profile of the organization and
discourage self-interested behavior.
Purpose of Executive Compensation:
5. The executive compensation consists usually from two
main parts:
Short Term Pay
The short term pay of the executives is about the base
salary and short term bonuses.
Long Term Pay
The long term pay is about the stock options, shares,
restricted stocks
7. Executive Compensation Benefits
Insurance,
Pension/retirement benefits
Company mobile phone
Membership of sport and health clubs
Holiday/vacation
Legal assistance
Company car
Employee Stock Ownership Plan
Golden Handshake
Golden Hello
8. Practical Study
United Bank Limited was
established on 7th November
1959. UBL is one of the largest
bank in Pakistan having more
that 1320 branches, and 15
outside the country are in USA, Qatar, UAE, UK, China, Iran,
Tehran etc. under the supervision of Chairmen Muhammad
Anwar Pervez. In terms of profit UBL is the third largest bank of
the country.
9. The President and Chief Executive Officer (CEO) is the
highest paid banker in Pakistan who had drawn annual
remuneration of approximately Rs. 246.5 million in year
2014.
The monthly salary package of UBL’s President and CEO,
Mr. Wajahat Husain is Rs 20 million or Rs. 2 crore.
Mr. Wajahat Husain, President & CEO of UBL
10.
11. SWOT Analysis
Strength:
Attractive salaries and incentives for employees
Professional and experienced personnel
Weakness:
All branches need orientation for customer dealing
13. Conclusion
Executive compensation is how top executives of business
corporations are paid. Organization competing with each
other to attract, retain and motivate managers for their
strategic requirement and UBL is providing different
incentives to its executives.