The Psychology of Pay

Overview

Psychology of Pay is an interaction session, leveraging real-time polling of the audience, to explore how human reactions to risk influence our economic decisions and the implications on executive compensation design. Conventional pay-for-performance “best practices” may be sound from the perspective of shareholders and proxy advisors, but are they achieving your talent acquisition and retention objectives and truly driving performance? During this session, we will explore the effectiveness of different pay models and their perceived value to executives.

$20  Registration Fee

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Speakers

Ken Kuk leads WTW’s Work and Rewards line of business for the Washington D.C. office. Additionally, he leads global ESG offering for WTW’s Executive Compensation and Board Advisory practice and is part of the global leadership team.

Ken advises boards and senior management on matters related to executive compensation, board effectiveness and ESG. He is currently the lead advisor to the Compensation Committee of several publicly traded companies. In addition to his executive compensation work, Ken also advises senior management on subject areas such as effective employee reward strategy and programs, incentive/equity program design, M&A retention strategy, sales effectiveness and reward, performance goals setting, and pay-for-performance evaluations. He is a key contributor in some of WTW’s industry-leading research and intellectual capital development initiatives, such as ESG and climate risk, talent and reward practices for start-ups, leading practices in total rewards, digital companies, partnerships, and private equity owned companies. He frequently writes on multiple platforms, such as World Economic Forum, Directors & Board, and Chief Executive Group.

Rob Mustich is Managing Director and U.S. East Region Business Leader for WTW. With over 30 years of consulting and industry experience, Rob advises his clients on designing and delivering compensation programs linked to initiatives for improving performance, increasing employee engagement and enhancing stakeholder value.

Rob has been with WTW for 26 years and is a senior member of WTW’s utilities industry team and serves as one of the firm’s expert witnesses on reasonableness of total remuneration levels and design of annual and long-term incentive programs. He has provided expert witness testimony in utility general rate cases in ten states. Rob is a strategic partner to our clients and our engagement teams in projects related to compensation and total rewards strategy, incentive design and goal setting, retention and special acquisition/spinoff incentive program, CEO performance assessment, Director compensation, Board/committee effectiveness evaluation, and risk assessment related to corporate governance.

His leadership role within the firm enables him to work with a broad range of organizations giving him key insights into program design best practices.

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