The Officer Long Term Incentive Compensation Plan (OLT ICP) for Southern California Edison Co. (SHE) in Sacramento, California is a comprehensive program designed to attract, retain, and motivate talented officers within the company. This plan offers various types of incentives to reward performance, align with long-term goals, and foster the success of SHE officers. The Sacramento California OLT ICP consists of several components that combine to create a well-rounded compensation package. One of the key components is the equity-based incentive, which provides officers with the opportunity to acquire SHE stock. This not only enhances their sense of ownership but also aligns their interests with the long-term success of the company. Another aspect of the OLT ICP is the performance-based cash incentive. Through this component, officers have the opportunity to earn annual cash bonuses based on the achievement of predefined performance targets. These targets are set considering both individual and company-wide objectives and are designed to drive superior performance, innovation, and customer satisfaction. To further support long-term growth and retention, the OLT ICP also includes a three-year performance share plan. This plan awards officers with performance shares that vest over time, providing an additional incentive to remain with SHE and contribute to its sustainable success. To ensure the plan's effectiveness and competitiveness, the Officer Long Term Incentive Compensation Plan for Southern California Edison Co. in Sacramento, California is reviewed periodically. It takes into account market benchmarks, talent retention objectives, and the company's overall financial health to adapt and optimize the compensation structure. By implementing such a well-crafted compensation plan, SHE aims to attract and retain top talent in Sacramento, California. The Officer Long Term Incentive Compensation Plan encourages officers to invest their skills, expertise, and dedication in driving SHE's growth, sustainability, and customer satisfaction.
Sacramento California Officer Long Term Incentive Compensation Plan for Southern California Edison Co.
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As CEO and president at Southern California Edison, Kevin M. Payne made $2.8 million in total compensation in 2019, including perks and benefits.
The typical Southern California Edison Planner I salary is $85,000 per year. Planner I salaries at Southern California Edison can range from $80,088 - $90,289 per year.
What types of incentive payment are there? Annual bonus: Defined as an annual payment that's generally based on a worker's annual salary.Signing bonus: A one-time reward given when a candidate commits to working for a company. Discretionary or spot bonus: A one-time cash payout that rewards past work.
Incentive compensation is a form of variable compensation in which a salesperson's (or other employee's) earnings are directly tied to the amount of product they sell, the success of their team, or the organization's success.
How much do people at Southern California Edison get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at Southern California Edison is $127,726, or $61 per hour, while the estimated median salary is $121,336, or $58 per hour.
Highly engaging and rewarding. Since SCE is highly regulated company by CPUC, the work culture is not very entrepreneurial and fast paced. However, it has proven work policies and processes in place for employees to conduct their day-to-day work. The upward mobility does exist for motivated and qualified employees.
Average Southern California Edison Journeyperson Lineperson yearly pay in the United States is approximately $131,985, which is 75% above the national average.
How much does a Manager at Southern California Edison make? The typical Southern California Edison Manager salary is $140,877 per year. Manager salaries at Southern California Edison can range from $103,008 - $170,962 per year.
The typical Southern California Edison Groundman salary is $37 per hour. Groundman salaries at Southern California Edison can range from $20 - $42 per hour.
Types of Incentive Pay: Cash, including commission, year-end bonuses, sign-on bonuses, and performance bonuses. Shares or company stock options. A company car. Paid holidays. Gifts or vouchers. Health club membership.