Recruiting & Retention Crunch

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The effect of the 2020/2021 economy has wrecked recruiting and budget plans, causing a shifting of power. Specifically, the transition and pausing of business in the early months of the pandemic resulting in a precipitous decline across all sectors. The economy has rebounded, yet many businesses have not been able to find or retain the talent to fill their crucial...

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What’s the Real Deal? Bridging the Gap Between Reported Pay & Realized Pay

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For a long time and even more recently in a pandemic/worldwide health crisis, the compensation of executives, specifically in cyclical and commodity-based businesses, has always been scrutinized. Our firm sees articles like Forbes’ “CEO Compensation is Out of Control” and hears comments from top professionals like Warren Buffet saying, “I do not like what is going on with executive compensation."...

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The Versatile Compensation Tool Banks Need to Retain Key Employees

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Bank executives have some of the most highly transferrable, in-demand skill sets, leaving boards to decipher the best and most efficient ways to stay competitive while aligning the future of their organizations. They must balance three pillars of a well-rounded talent strategy: attracting new executives, retaining mission-critical employees and aligning interests. These pillars can be boiled down to tying executives...

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Remote Work & Return to the Workplace Survey Results Summary

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Introduction It’s been over a year since having to cope with this global pandemic and the difficult decisions companies were forced to make regarding where their workforce should work – at home or remote. Of course, the realistic answer to this question is not so simple and is laden with circumstantial nuances, business culture, and operational needs. However, the winds...

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Incentive Stock Options (ISOs) vs. Nonqualified Stock Options (NQSOs) – Knowing the Difference is Key – Did You Know Series

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What is better ISOs or NQSOs? This week, one of the boards I sit on that is preparing to go public, asked the question – “What is better – ISOs or NQSOs?” It’s such a great question and actually, one of the easier questions I have gotten as a board member, so let me share. ISOs often qualify for more...

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Executive Perks Today

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Executive compensation in the eyes of shareholders and outside observers is a complex, intriguing subject matter that always has people talking. As for public company executives, with their compensation required to be disclosed, the discussion around how much the company leaders are being compensated always appears as a topic of interest. Looking closer at the details surrounding executive pay, in...

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The Controversial Golden Parachute Part II – “Did you know” series

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Exploring the pros and cons, and key considerations when drafting golden parachutes I was Deloitte & Touche’s national partner in charge of performance management compensation. Several partners were in a conference room with me discussing a merger of two large energy companies we had been hired to work on. As we discussed the particulars, I asked if the target had...

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The Controversial Golden Parachute – “Did you know” series

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How and why was the first Golden Parachute established? While highly controversial, no executive compensation package is competitive without it. Introduction If there was ever a compensation area of more polarization and notoriety, I don't know of it. Golden Parachutes, also known as Change-In-Control (CIC) payments, have more critics and naysayers than any compensation program I have ever dealt with...

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Compensation in the Real Estate Industry

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Introduction The pandemic has significantly impacted the real estate sector. With a surge in the number of employees who work from home, the demand for office space has softened. At the same time, growth in e-commerce has exploded, resulting in further disruption of traditional retail business. As the post-COVID effects of the pandemic continue to plague the real estate market,...

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Rabbi Trusts – first topic in our “Did you know” series

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Did you know that the very first Rabbi Trust was, in fact, for a real rabbi?! Legend has it that he had been a great spiritual leader in his synagogue and was getting ready to retire. What is a rabbi trust? A Rabbi Trust is a non-qualified deferred compensation plan created as a retirement benefit to employees.   The very...

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