Think Like an Owner Savneet Singh on Equity Comp and Incentives
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Jan 10, 2025 Savneet Singh, an expert in equity compensation and incentive programs, dives into the strategic use of these incentives in modern workplaces. He discusses how evolving compensation structures can help attract and retain talent. The conversation highlights board dynamics in shaping equity plans amid industry pressures. Singh also explores innovative models like phantom equity and aligning performance metrics with bonuses, emphasizing the need for targeted goals to enhance organizational success.
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Equity Compensation for Retention
- Give larger equity to senior-level employees to increase retention.
- Think about how much equity to offer so they never think about leaving.
CEO Bonus Program
- PAR created a CEO bonus program to distribute equity to deserving employees, including those in less visible roles.
- This program recognized valuable contributions from employees across different departments.
Unconventional Compensation Approach
- PAR has been under-equitized compared to other companies, and their compensation programs haven't always aligned with standard benchmarks.
- Their board has supported this approach due to the resulting outperformance.