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Home > For Business > Executive Benefits > Compensation Plans Compensation Plans
In today’s increasingly complex business environment, employing human capital can be overwhelming to keep up with for companies of every size. BCG works with companies with just a few employees to organizations with thousands of employees.
Executive Compensation: At The Heart of Every Business Plan From the company’s standpoint, a comprehensive compensation plan balances the company’s short-term needs for healthy cash flows and operating capital, and the longer-term needs of ensuring that top talent grows and stays with the company. From an individual executive’s standpoint, executive compensation is more than a paycheck. It’s a way of measuring one’s worth against peers in the market and within the industry. It’s the reward for outstanding performance and for long-term service to one’s employer. From the business owner’s perspective, executive compensation strategies offer a way of being more tax efficient and unlocking the value that is tied up in his or her company. BCG offers deep experience in the full gamut of executive benefits and compensation including:
High salaries are not always best for the company or the executive. Often due to the financial demands of growing a business, companies’ compensation plans are not able to keep pace with market changes. Yet they desire to offer their executives competitive compensation and recognize them for outstanding results along the way. BCG can show you how to structure compensation in a manner that will provide strong incentives for your executives to remain with the company over the long-term, and will provide a compensation package at retirement. A well-designed non-qualifying plan that considers every aspect of the company’s and the executives’ needs will solve the “highly compensated employee discrimination” issue. BCG will work closely with the company and executives to establish a customized executive benefits programs including:
Executive Benefits Today’s executives face a far more complex and risk-filled business environment than in the past. More than ever executives must rely on advisors for a wide range of specialty services including:
Our clients told us that they preferred to work with fewer advisors. They wanted to simplify their lives, not add complication. We listened. Realizing that executives are inextricably linked to their ability to earn an income—whether from their jobs or their businesses—we assembled an unrivaled group of experts under one roof to serve their needs.
The Premier Advantage Is Yours With BCG What you typically don’t find with other executive benefit firms is the ability to take the broadest view of your business and individual needs as well as your risk exposures. BCG, along with its affiliates Bailey, Haskell and LaLonde (BHL) and Workplace Health Solutions (WHS), combine to offer you one of the most comprehensive portfolios of business and individual services in areas that can impact your retirement planning including:
The use of sophisticated insurance instruments plays a key role in executive benefit planning. Employers can use insurance to offset the cost of attracting and retaining the best and brightest talent. Business owners can use a multitude of insurance products to secure talent, replace a key executive, ensure their companies will not be damaged by the loss of an owner, or to fund extraordinary events such as buying out one or more owners. Individual executives can use insurance to protect their income and savings, and to offset financial risk in their daily lives. The insurance marketplace in recent years has changed dramatically. Lower than expected interest rates and investment returns have made many policy illustrations woefully inaccurate and difficult to evaluate. At the same time, the marketplace has become much more competitive in product design, pricing and underwriting. This has caused problems for business and professional advisors and corporate trustees overseeing sophisticated insurance programs. It has also added to the confusion and complexity facing busy executives as they attempt to assemble sound retirement plans. BCG advises a thorough review of all current insurance plans and policies to ensure that they are still meeting your goals and objectives. BCG’s unique group of specialists and consultants simplify the process and give you peace of mind that your executive benefits program is properly constructed and stays that way.
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