Major components for executive compensation plan

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What are the major components of an executive compensation plan 200-300 words APA format.

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The response addresses the queries posted in 406 words with references.

// Today designing an effective compensation plan has evolved as a measure of determining huge success for any organization. To gain more understanding of the compensation plan here, I am explaining the major components of an executive compensation plan//

Executive Compensation Plan

In order to propose an effective executive compensation plan, it is necessary for the companies to balance objectives like alignment with shareholder interest, performance related to pay, retention and assessment. Below are the major components of executive compensation plan:

Ø Base Salary

Ø Qualitative Bonus

Ø EPS Bonus

Ø Service Packages

Ø ...

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The response addresses the queries posted in 406 words with references.

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