Recruit, Retain & Reward
A long-term incentive plan is vital for attracting key people to your company and for keeping them involved in both the short and long term. These programs provide key employees with the motivation to meet certain corporate goals for a sustained period. Importantly, they also help prevent key people from going to work for your competition.
Plante & Moran brings a broad perspective to the table, even for small businesses, analyzing the tax impact, legal impact, and organizational impact of such programs. This depth of experience is of great benefit for closely held corporations, school districts, higher education, municipalities, and not for profits.
We can help you determine if:
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Key management employees are instrumental to the success of the organization.
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Appropriate incentives are in place to drive the key management group.
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The mix between base pay, short-term incentives, and long-term incentives is appropriate in methodology and magnitude.
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The costs of human capital produce the expected and desired results.
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