Relationship-Based Consulting

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » The Latest FLSA Changes & What You Should Know Staying up to date with labor laws is a major component in the HR function and compliance with Fair Labor Standards Act (FLSA) regulations is key to staying in alignment with Department of Labor guidelines. The FLSA has made recent changes to salary thresholds and...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Understanding Benchmarked and Slotted Roles When conducting a compensation study, understanding the difference between benchmarked and slotted positions is critical. Benchmark roles help gauge external market competitiveness while slotted positions ensure internal equity and alignment within an organization's pay structure. Striking the right balance between both is key to determine fair and competitive compensation plans. In...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » The Importance of Effective Board & Committee Meetings Running effective board meetings plays an important role in good governance practices. NFPCC has spent a lot of time in boardrooms over the years and while each meeting is different, one common factor remains - preparation is key. With some thoughtful planning you can ensure a fruitful discussion to maximize...

NFPCC 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.” NFPCC agrees with this adage, as an effective meeting can leave your team focused and energized. In fact, a single good...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » M&A Impact on Human Capital in the Oil & Gas Sector M&A activity in the oil and gas industry continues to trend as companies seek to acquire greater market share, cut costs and streamline operations. However, in the case of certain deals, human capital structure challenges can arise, potentially threatening the success of the...

Geopolitical and monetary policies have a massive impact on the oil and gas industry, as each shift can lead to major changes in growth projections, operational efficiency, and broader cost reduction strategies. Following Russia’s invasion of Ukraine in 2022 and the subsequent increase in commodity prices, a new wave of M&A activity has greatly impacted growth strategies in the oil...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Compensation Benchmarking in Non-Profits Non-profits continue to face unique challenges when it comes to attracting and retaining the talent needed to carry out their missions. Compensation programs require a careful balance to ensure IRS compliance and reasonableness while remaining competitive in the market. In this month's Compensation Insights, we highlight the importance of executive compensation benchmarking in non-profits. We...

In the realm of non-profit organizations, where missions supersede profits, executive compensation plays a critical role in attracting and retaining top talent. However, determining appropriate compensation levels can be complex, especially in an environment where resources are limited, and transparency is paramount. This article explores the importance of executive compensation benchmarking in non-profit organizations, shedding light on why it matters...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Compensation and Benefits in 2024 A new year is upon us, and you may be wondering what is in store for the compensation and benefits world. What trends and circumstances are shaping the industry in 2024 and how can you be prepared?  In this month's edition of Compensation Insights, we take a look at emerging trends...

In 2024, the landscape of compensation and benefits is poised to undergo significant changes, driven by evolving workforce dynamics, economic conditions, regulatory factors and technology. Employers are expected to continue seeking innovative ways to attract and retain top talent in an increasingly competitive job market. Emerging Trends While most US-based company CEOs were expecting some form of a recession this...

Attract and retain the best talent in the oil and gas industry to maximize your company's performance! Keep your compensation programs competitive by participating in NFPCC's Midstream and Upstream Industry Compensation Surveys. Get access to the latest benchmarks in both corporate and technical roles, inclusive of actual total direct compensation and target total direct compensation.  Learn more about the Midstream Industry Compensation...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Compensation Resolutions for 2024 A new year is around the corner and it's a great time to reflect on experiences from this year and reevaluate compensation strategies for a successful 2024. In this month's featured article, we share our top recommendations to enhance your compensation structures and get you on the right track for the new...

Following the fluctuating trends in compensation over the last few years, it is important for companies to take a step back and reassess what compensation means, its purpose, and how it is evaluated. As the market continues to stabilize, after a few years of historic changes, there are a few primary resolutions to aid companies in reestablishing best practices and...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » The Dynamic Process of Setting Executive Compensation Executive pay continues to be a highly controversial topic as media reports tend to focus on egregious compensation packages to seemingly undeserving executives. While this is true in some cases, it is not the norm. And while pay for performance will always be a main factor tied...

While not all pay is justifiable, executive compensation continues to be unnecessarily painted in a severely negative light. In the world of governance, it is a common topic which bands together the masses against the few, falsely highlighting inequity and greed. While several cases of this nature do exist, they are highly uncommon and are the exception, not the rule when...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Our Role in Risk Management The role of compensation consultants is vital when it comes to risk management. Companies should be able to rely on us for peace of mind, knowing we have equipped them and their Boards with all the information needed to make sound, well-informed decisions regarding their compensation programs. Companies today have...

In today’s dynamic business landscape, risk management is a paramount concern for organizations striving for sustainable success. Among the myriad aspects of business operations that require careful oversight, compensation management stands out as a crucial area that can impact an organization’s risk profile. Compensation consultants play a pivotal role in helping companies navigate these complexities. Below our team delves into...

October 19-20, 2023The Omni La Mansion del Rio San Antonio, TX Join us for the 26th Annual Subchapter S Bank Association's Conference - the only conference specifically created to educate and help financial institutions maximize the benefits of their S Corporation election. Listen to the latest in strategies and tactics to improve bank performance and ensure ongoing compliance from the...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » ESG and Executive Pay Linking ESG to executive compensation continues to be an upward trend, however there is still much controversy and complexity for corporations as they determine if including ESG metrics in incentive plans makes sense for them. In this month's featured article, we provide a backdrop on how ESG concerns have evolved, where we are...

Charting the Course: Future Predictions and Current Market Updates on Compensation and Executive Benefits October 4, 2023 | 2 - 3 PM ET Banks must strike a balance between attracting and retaining key talent while addressing stakeholder concerns and aligning pay practices with value creation. Join Tyler Brown and Ken Derks from NFP Executive Benefits, an endorsed provider of the...

Sustainability goals are now widely considered on par with more traditional KPIs and are slowly becoming standardized as external pressures continue to push corporations to tie non-financial measures to executive pay; however, this hasn’t always been the case, clearly. So how did we get here, how are these initiatives performing today, and what are some reasonable future expectations of tying...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Total Rewards for a New Era The concept of total rewards is nothing new to the HR professional. But as the workforce evolves, especially after a pandemic, we are forced to view total rewards through a different lens. Compensation and healthcare benefits may have been good enough to attract and retain employees in the past,...

NFP has conducted an in-depth survey around executive compensation and benefits to help you stay abreast of the latest trends affecting the industry. We understand attracting and retaining top-level executive talent is paramount for your organization's success and NFP's executive benefits trends study provides critical insights for shaping competitive compensation packages. Some of the key findings reveal: Most business leaders have found...

In today's dynamic professional landscape, the concept of compensation has transcended the conventional understanding. It is part of the holistic approach we know as total rewards. This comprehensive assortment of benefits and incentives extends beyond the monetary aspect, which has continued to be an upward trend over the last several years. This article navigates through the terrain of total rewards...

Plan Ahead: Compensation Strategies for 2024 September 20 | 11:00 - 12:00 p.m. ET Join Megan Nail, vice president of NFP's Total Rewards Practice on September 20 as she guides you through the essential information you need to ensure fair and equitable compensation for your employees. As you prepare for 2024, understanding the market data and trends is crucial to making well-informed...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Compensation for Bank Executives Executive compensation continues to be a topic of intense scrutiny and complexity across all industries and compensation in the banking sector is no exception. In fact, the financial industry faces unique challenges and regulatory concerns that require a strategic approach to ensure long-term stability and growth. In this month's Compensation...

Executive compensation is a complex and multifaceted subject that plays a crucial role in the functioning of banks. In a vibrant financial sector, the compensation of executives at banks is of significant interest and scrutiny. This comprehensive explanation aims to delve into the intricacies of executive compensation in the banking industry, providing insights into the factors that influence compensation packages,...

Are you looking for a virtual, yet comprehensive compensation training program? NFP has your back! Our Fall 2023 Compensation Bootcamp is now open for registration. Our team of nationally recognized experts will give you the opportunity to learn the basics as well as advanced compensation strategies. Click below for the full details and to register! LEARN MORE AND REGISTER →

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Mid-Year Look into Salary Increase Trends We are halfway through the year and it's a good time to assess how compensation increases have panned out this year so far. 2023 has seen the largest pay increases since 2008, however, they are below what organizations originally projected. Data also suggests an overall slowdown in compensation as...

What the Data Reveals We are well into the middle of the year and most companies have made it through the daunting period of performance reviews and annual raises. So how have increases played out so far?  Mercer’s recent survey revealed that 2023 annual merit increases averaged 3.8 percent, while total compensation - which includes base salary, incentive pay, and...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Keeping Compensation Programs Competitive and Equitable The war on talent persists as organizations struggle to attract, motivate and retain their employees. The recent focus on pay transparency and equity are adding a new level of complexity to the mix. Companies are trying to figure out how to keep compensation programs competitive, yet fair and equitable while...

Importance of Reviewing Compensation Programs Routine compensation reviews, particularly for a whole company population, aid in assuring the organization is offering competitive compensation packages that can attract and retain top talent. By regularly reviewing compensation, employers can identify areas where their compensation packages may be falling behind those of their competitors or where they may need to adjust salaries to...

Texas Bankers Association 2023 CFO Conference | June 14 -16 Hyatt Hill Country Resort San Antonio Join NFPCC Practice Leader Tyler Brown on June 16 for an informative discussion- Turning Carrots into Karats: Trends in Executive Compensation Across the US and in Texas; What Has Changed and Why it Matters? In this session, we will cover trends in compensation across...

May 25, 2023 | 10:00 AM CT Join NFPCC Practice Leader, Tyler Brown in this informative session covering the latest trends and key concepts in executive compensation across all industries. He'll also explain how to develop effective retention strategies focused around a pay for performance philosophy. Through these philosophical perspectives participants can better arm themselves from a forward-looking budgeting perspective...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Staying Ahead of Rising Compensation Challenges Boards and management teams are facing an increasingly demanding environment when it comes to compensation-related issues. Inflation, a tight labor market and retention concerns are just the tip of the iceberg. Companies have much to grapple with and it's critical they have good systems in place to stay ahead of...

Inflation, threats of recession, and high employee turnover are just a few of the issues Boards and management teams must contend with in 2023. These challenges are coupled with increased regulations, continued shareholder institution noise, and the SEC continuing to impose greater requirements on executive compensation disclosure. Needless to say, more companies are finding themselves between a rock and a...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » The Evolving Role of the Compensation Committee The role of the compensation committee continues to evolve and grow in complexity. Members can now expect to have more responsibilities as their roles expand into unchartered areas due to rising pressures from shareholders, proxy advisory firms and employees themselves. In this month's featured article, NFPCC shares thoughts...

It’s no secret that the role of the Compensation Committee has been evolving for some time now. It is safe, however, to say that sitting on a Compensation Committee (or board of directors for that matter) is not what it used to be. What was merely a fiduciary role to shareholders has now grown in equal parts of responsibility and...

A challenging proxy season is ahead as noted in this comprehensive report by The Conference Board. The authors share findings from last year's proxy season that provide insights and expectations for what's to come. Some of the key takeaways for this year's proxy season include: A more difficult proxy season than previous years - largely due to increasing volume of...

Bank Compensation and Benefits Study identifies concerns and solutions Today's competitive and ever-changing banking industry demands focus on attracting and retaining top performers as an essential tool for success. It's no surprise the 2022 TBA Bank Compensation and Benefits Survey identified attracting, motivating and retaining talent as the top three concerns for participants. In this article, we break down key...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Pay Transparency Laws Pay transparency laws continue to gain momentum as more states are now requiring employers to disclose salary ranges. These laws have been enacted as part of the efforts to achieve greater pay equity and identify pay disparities in defense of employees. While it may seem that this will only benefit employees, ultimately,...

Pay transparency refers to the communication of company pay practices to employees and explanation of how pay is determined for unique positions. While pay transparency can be a controversial issue, it has gained traction in recent years as a way to address pay disparities and promote fairness in the workplace. In this article, we will explore the current state of...

Feb 23, 2023 | 2:00 PM CT As you plan for the new year, it’s important you have a pulse on data and trends in order to make informed decisions about your strategy, especially in a world changing as fast as this one. Join the NFP compensation consulting team as we break down exactly what you need to know to...

SUBSCRIBE TO NFP COMPENSATION INSIGHTS » Annual Incentive Payouts and TSR - Is There a Link? It's the start of the new year and companies are preparing their salary budgets and planning for annual incentive bonuses. Traditionally, it's known that organizations will use TSR performance (Total Shareholder Return) as a metric for long-term incentive planning. But how does TSR come...

Keep your compensation programs competitive by participating in NFPCC's Midstream and Upstream Industry Compensation Surveys. Get access to the latest benchmarks in both corporate and technical roles, inclusive of actual total direct compensation and target total direct compensation.  Learn more about the Midstream Industry Compensation Survey » Learn more about the Upstream Industry Compensation Survey » REGISTER TO PARTICIPATE

It’s that time of year again as calendar year organizations begin to finalize their respective annual incentive/bonus payouts. Within this context, many board members and directors, in their totality, are wrestling with investor perspectives and pre-determined performance metrics. This convergence of thought processes has been a continued hot-button topic covering the previous five years. Within this article, NFPCC analyzed recent...

Proxy season is around the corner and there is much to consider in regard to executive compensation disclosures. The SEC has new rules around pay for performance and clawback provisions which companies will need to examine closely in order to craft effective disclosures. This timely article from Skadden shares guidance on pay for performance, say on pay, pay ratio, clawback...

Compensation Risk Assessments As we near closer to the 2023 proxy season, preparations are underway as public companies gather requirements for various compensation-related disclosures. Among them are the results of a compensation risk assessment. The SEC requires detailed disclosure only if the company believes there is significant risk. It has become common practice for organizations to simply state they conducted...

Incentive compensation holds an important yet unique place within a company’s pay program initiatives. Both long and short-term incentive plans should be designed to balance attracting and retaining top-level talent in conjunction with motivating behaviors to achieve a company's strategic, operational, and financial performance goals; however, often times these programs can pose significant risk to a company if not designed...

We have completed our annual midstream and upstream compensation surveys and recently released the results. Once again, this year's responses revealed interesting findings in these sectors. Below we share notable takeaways from each survey. Midstream Survey The median 2023 projected salary increase budget for all employees is 3.5%.The most commonly used financial and operational metrics for annual incentive plans are...