Compensation and Retention
Compensation and Retention
“A long-term, key employee gets a highly attractive offer from a competitor. They now feel underpaid and unappreciated for so many years and are resentful because of it. You make them a counter-offer and feel resentful that they haven’t been loyal. What might you have done to prevent this unfortunate scenario and have a win-win instead?”
Some key areas where our Business Services Team might assist:
*Key employee retention strategies and incentive compensation plans
*Making elections for retirement or pension payouts
*Evaluating early retirement incentives
*Monitoring the vesting schedule or company stock awards and cash flows needed for potential tax liabilities
*Concentrated securities positions – diversification, tax-mitigation strategies for distributions of highly appreciated company stock from corporate retirement plans
*Restricted stock sales
*Distribution of deferred compensation and other incentive-based plans
*Structuring new, or reviewing existing, corporate retirement plans - plan type, investment selection, assisting with the fiduciary responsibility of the annual review, providing employee education
*Board of Directors – structure, compensation, and risk
*Exit strategies to help monetize a life’s work in a closely held company
*Philanthropy and charitable gifting
*Legacy planning
*Creating comprehensive financial plans to anticipate and manage life events – marital, family, education, retirement, estate and other goals
*Risk mitigation through life, long term care, and disability insurance strategies
*Income replacement
*Wealth accumulation and distributions strategies, wealth management
When faced with such important financial decisions, don’t go it alone. Call our Business Services Group at (518) 867-4000 x107 or todd@nlgadvisory.com