Compensation plans can put financial institutions at risk. These risks extend beyond the financial and might encourage behaviors that are good in the short term but not in the long term. Young & Associates, Inc. can help assess the risk of your organization’s compensation plans. This includes those for frontline employees, as well as executives and board members.
Young & Associates, Inc.’s Compensation Risk Assessment includes:
- Establishing risk-rating parameters, tailored to each institution’s needs
- Reviewing compensation plans and related processes to prioritize them according to risk
- Identifying areas warranting review and providing insight into the company’s compensation risk profile
- Provide recommendations and a process for moving forward
- Support ongoing compliance and disclosure