We recognize the midstream industry has great leaders in management and on boards. We believe these survey results will assist them in making their companies even better.
Houston, TX (PRWEB) July 28, 2016
Longnecker & Associates, a strategic compensation and corporate governance consulting firm based in Houston, recently closed its third-annual midstream industry compensation survey. The firm will release the survey’s results to participants this month.
Exclusive to Longnecker & Associates, the two-part survey evaluates employee compensation across core midstream competencies. With nearly 30 years in the compensation consultancy industry, the firm designed the survey for top executive and key technical positions in the midstream industry. It covers incentives like philosophy and pay practices, target and actual compensation, and vehicle design and prevalence. This year’s survey generated notable results: 74 percent of respondents pay distributions on unvested equity; of the respondents paying distributions on unvested equity, only 35 percent hold payments of distributions until vesting; and 67 percent of respondents primarily use discretionary judgment of performance when determining annual incentive payouts for executives.
“We are excited to see the results from our third annual midstream industry compensation survey. With the recent changes in the energy industry, as well as changes in the economy and regulations, it’s very important 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 the midstream industry has great leaders in management and on boards. We believe these survey results will assist them in making their companies even better.”
Although the survey is now closed, interested and qualified parties may participate in the survey next year. Qualified parties are considered to be organizations whose operations include the transportation, storage and wholesale marketing of oil, natural gas and natural gas liquids in the U.S. Participants are expected to answer questions about their organizations’ policies and are asked to provide compensation data associated with specific positions. The survey’s run dates are typically between March and May, and results are available to participants only. Interested parties can visit http://www.longnecker.com/resources/surveys/ for more information.
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.