The $6,000 shower cur-tain has closed on corporate excess. Lavish parties, vacation homes, baubles and traditional stock options are being replaced by federally scrutinized compensation packages. Board members are buffing up on accounting standards, and companies big and small are rethink-inghow they do business. Additionally, the U.S. workforce is changing drastically. Baby boomers, one of the largest generations, are hitting retirement age, and the generation that follows is one of the smallest. A severe worker shortage is expected. The convergence of these trends is spawning a rethinking on how companies pay employees, both those in the executive suite and those on the plant floor. Experts see compensation becoming more customized based on a company's goals as well as workers' individual needs and preferences.
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