Compensating and Retaining Key Personnel

Foley hosted an Executive Briefing Series seminar addressing the timely topic, “Compensating and Retaining Key Personnel.”

All business owners face the critical issue of attracting and retaining key personnel in a fast-changing business environment. Leading companies recognize that success depends upon the ability to motivate talented employees. However, developing an effective compensation structure can be a daunting task. The process requires attention to business objectives, market trends, tax consequences, and legal issues.

• Can compensation comprise elements other than money?
  
• What are the pros and cons of different incentives and strategies?
  
• What are recent developments in compensation and reward systems?
  
• How can the unwary avoid unexpected pitfalls?

These and other questions were addressed in an interactive panel led by Foley Business Law Partner Edouard C. LeFevre and Senior Counsel Beth J. Felder, and Theodore Sharp, Managing Director of Pearl Meyer & Partners.