LEADERSHIP & STRATEGY
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“ In times of crisis , business opportunities and talent pool becomes available , and at times , at a bargain . Development and / or enhancement of existing talent retention program therefore becomes crucial .”
— Yong Fei , Director , Executive Compensation , South Asia , and Shai Ganu , Managing Director and Global Practice Leader , Willis Towers Watson
EXECUTIVE COMPENSATION : 2021 AND BEYOND
With the potential for the post COVID- 19 world to provide “ an opportunity for companies to thoroughly review their executive compensation plans and make changes that otherwise would have been difficult to implement before the pandemic crisis ” Willis Towers Watson , in an article titled Asia Pacific incentive plans will look a bit different in 2021 by Don Delves Managing Director , Practice Leader , Executive Compensation , North America , and Trey Davis Executive Compensation Leader , the two highlight that “ the timing and speed of an economic recovery is debatable , but one thing we know for certain is that we are living with much greater uncertainty and risk today than before the pandemic [...] The economy going into 2021 will be weaker than it was going into 2020 .” With this in mind , Delves and Davis have outlined seven executive compensation initiatives that companies should consider in 2021 and beyond .
FEBRUARY 2021