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

*Creative 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 (hyperlink to wealth management page)

When faced with such important financial decisions, don’t go it alone. Call us our Business Services Group at (518) 867-4000 x107 or