Benefits for CEO spouses not uncommon in modern business

What compensation trends will affect the way your CEO functions once they've joined your business? There obviously shouldn't be any "perk" that outshines the important CEO responsibilities that are in need of being addressed in order to ensure high performance.  A newer addition seems to have emerged: benefits for the spouses of CEOs.

According to a study by USA Today, the practice of granting funds applicable to the spouses of the head of a company can be seen in use throughout the corporate world, in companies as diverse as General Electric and General Mills.

What they have in common is that their CEOs made use of thousands of dollars for vacations and recreation. Further information indicates that nearly a quarter of all Fortune 500 companies have policies somewhat along these lines.

Some of these expenses can add up to pretty large sums, and may come to define the type of packages a company provides. Although these corporations have their own policies, these extra sums may inevitably come across as extravagant. However, the justification appears to be that it creates a stronger feeling of loyalty between the executive and their company, or so some seem to say.

Whatever the reason cited by your company, you should know that this might be an important factor both for the incoming prospective CEO and those who shape these kinds of conditions for other members of your leadership team.

YES Partners can be an integral part of your succession planning and help you analyze the salaries and related perks you give your higher employees more in relation to the expectations of others.

Finding people is easy, but finding the RIGHT people is not. YES Partners helps companies FIND the right people – for all company functions, across many industries and globally.

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