Perhaps the only comforting prospect in times of crisis is that the wheat gets separated from the chaff. Accordingly, organizations throughout the region have come to realize that they have to adopt more scientific and technical approaches to executive compensation if they want to remain competitive and attract the right kind of talent from a truly global pool of executive candidates. “Organizations that learn from the current crisis and build much stronger [executive pay] foundations by moving to more market-based and grounded executive compensation, as well as top team development and retention, are the ones who are not only going to tie over the present scenario, but position themselves at the forefront of opportunity once the economy stabilizes,” commented Debabrat Mishra, principal & consulting business leader Middle East at Hewitt Associates. “There are no borders for talented people and executives anymore. Competition is with regional, local, as well as global
