Alvarez & Marsal, Taxand USA’s, Compensation and Benefits Practice recently released its 2018 study on compensation practices in the oil and gas oilfield services (OFS) industry.
The study analysed the total value of CEO and CFO compensation packages, annual and long-term incentive pay practices, as well as the prevalence and value of change in control benefits to which these executives are entitled.
Below are the key takeaways:
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Incentive-based compensation makes up a significant portion of an executive’s total compensation package. Therefore, to remain competitive, it is important for compensation committees to analyse how other companies in the industry are structuring their programs. This report is one step in that analysis.
