Center for Private Company Excellence Seminar: Long-Term Incentive Options to Attract and Retain Key Employees

Companies are in the throes of the Great Resignation, struggling to attract and retain top talent while continuously rising compensation levels threaten to impact your profitability. What enticements can your company offer beyond salary and bonus to attract and retain high quality employees?

One solution is to consider alternate methods of compensation in the form of long-term incentive plans. While there are many different types and uses for these plans, at the end of the day, they all share one common goal: keeping your best employees engaged in your business and retaining them for the long-term.

This webinar provided a high level overview of long-term incentive options and how your company can utilize these plans to stay competitive in a highly challenging talent market.

Agenda items included:

• Why and how you can utilize long-term incentive plans in your business
• An overview of stock/equity plans, phantom stock plans, and financial metric plans
• The advantages of these plans – for your employees and your company/stockholders
• Financial considerations and tax treatment of long-term incentive plans

Presenters:

• Steve Staugaitis, Director, Audit & Accounting, Kreischer Miller
• Mary-Ann Schaller, Manager, Tax Strategies, Kreischer Miller