Executive Perks Keep Employees Hard at Work
During the past year, executive compensation packages have come under increased scrutiny at organizations across the country. While many companies are making efforts to cut back on the overall cost of executive compensation, offering perquisites that ensure the effectiveness of their employees is gaining momentum. The newly released Executive Compensation 2009/2010 survey found supplemental medical coverage is offered to 32.7 percent of Chief Executive Officers, nationally. Supplemental coverage is also provided to Chief Financial Officers and Chief Operating Officers at a rate of 23.5 and 20.6 percent, respectively. “Ensuring the health of a company’s top executives is of growing importance at organizations across the country,” said Amy Kaminski, manager of marketing programs for Compdata Surveys, the nation’s leading compensation and benefits data provider. “Executives are spending more time hard at work, both in and out of the office, and the stress they encounter can take its toll on their health and by extension, their productivity.” Read the full article.