Houston, Texas (PRWEB) March 21, 2016
Longnecker & Associates, a strategic compensation and corporate governance consulting firm based in Houston, will conduct its third-annual Midstream Industry Compensation Survey on April 1 to determine how market-competitive salaries and targeted incentive compensation affect energy companies.
The firm’s proprietary, two-part survey provides a comprehensive assessment of employee compensation across core midstream competencies. Longnecker & Associates specifically designed the survey for top executive and key technical positions in the midstream industry. It covers compensation philosophy and pay practices, target and actual annual and long-term compensation, and long-term vehicle design and prevalence.
Today, many midstream organizations are experiencing tighter budget constraints and prioritized spending due to the current difficulties facing the energy industry. With those restrictions in mind, Longnecker & Associates has decided to invest in the midstream space by conducting the survey free of charge for the participating organizations in 2016. Interested, qualified parties may participate by submitting their entries by April 29. Qualified parties include organizations whose operations include the transportation, storage and wholesale marketing of oil, natural gas and natural gas liquids.
The survey’s run dates are between April and May, and results will be available to participants in August. Participants are expected to answer questions about their organizations’ incentives and are asked to provide compensation data associated with specific positions. The survey will be administered through Longnecker & Associates’ exclusive method that’s intuitive and streamlined.
“We’re thrilled to launch our midstream industry compensation survey for the third year in a row. With the recent shifts in the energy industry, as well as changes in the economy and regulations, it’s paramount for companies to focus on attracting, retaining and motivating top talent,” said Brent Longnecker, chairman and CEO of Longnecker & Associates. “At Longnecker & Associates, we recognize that the midstream industry has fantastic leaders in management and on boards. We believe this survey will help them lead their companies in even better directions.”
With nearly 30 years in the compensation consultancy industry, Longnecker & Associates created this survey to help companies discover how strategic compensation can help them maintain a competitive advantage. Given the current state of the oil industry, this detailed information is proving even more valuable.
About Longnecker & Associates
Established in 2003, Longnecker & Associates is a nationally recognized strategic compensation and governance consulting firm based in Houston, Texas. The firm’s consultants work with public, private and not-for-profit companies on a variety of complex compensation and governance situations that require strategic solutions. The firm is considered a thought leader on compensation and governance issues, and its consultants have been featured on MSNBC, Businessweek, The Wall Street Journal and other national media, as well as speakers for WorldatWork, the Society of Human Resources Management and the American Management Association. For more information, visit http://www.longnecker.com.