Motivating and retaining retail executives in difficult times

The economic downturn has hit the retail sector in the UK particularly hard and, as a consequence, many retailers are fighting for survival on our high streets and in our shopping centres.

To stay ahead, retail companies will have to deal with motivating and retaining key executives driving their business through difficult times and addressing pension scheme deficits and managing the costs of employment.

In this report, we look at the state of pay packages for executive directors of UK listed retail companies. We set out what we believe to be the key executive pay challenges for UK retail companies now:

  • Competitive pay packages attract the people you need to deliver your business plan
  • Performance measures in your incentive plans should align with your business strategy
  • The design of your incentive plans should take into account changing best practice and governance requirements
  • Pay structure and disclosure should measure up against proposals announced by the Department for Business, Innovation and Skills