Why the “wait and see” approach is not a plan when it comes to executive benefits
Proactively manage executive benefits to avoid future surprises. Learn why transparency is key in today’s evolving market.
As not-for-profit organizations strive to attract and retain top talent, offering competitive benefits packages is essential. However, in the current climate of higher interest rates and evolving projections, transparency becomes paramount.
The importance of executive benefits
Executive benefits play a crucial role in attracting and retaining high-caliber leaders. These packages often include a combination of salary, bonuses, stock options, split-dollar life insurance plans and other incentives designed to reward performance and loyalty. In a competitive job market, comprehensive benefits can make the difference between securing a top executive and losing them to a competitor.
However, the structure and communication of these benefits need to be clear and transparent. Executives must understand the full value of their compensation packages and how they align with their organization’s long-term goals.
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