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Employee Benefits & Executive Compensation

Developing a sound benefits and compensation strategy pays dividends for both employer and employee. The Much team, having significant in-house, client-side experience, is hired for our practical understanding of how benefits and comp fit into any successful business model.

Employee Benefits & Executive Compensation

As an employer, you know how important benefits plans and incentive compensation are for attracting and retaining the best employees. Benefits are often as important a consideration for employees as wages. Whether representing a publicly traded corporation, a tax-exempt organization, or a privately held business, our attorneys help you implement targeted, innovative compensation and benefits solutions. We also ensure that clients fully meet their fiduciary obligations and maintain regulatory compliance.

Designing and implementing the right plans: Every business is different. Much attorneys work hard to ensure benefits and compensation programs are tailored to achieve your business’s specific objectives.

Compliance: We can help you develop a comprehensive, ongoing legal compliance strategy as well as respond to individual compliance issues and challenges as they arise.

Trending & Horizon Issues

Employers have challenges old and new to face. Some things never change, such as government regulation and the need to hire and retain the right people. But other challenges are new, and meeting them requires creative thinking and thoughtful counseling.

  • The retention challenge: In March 2022, the number of U.S. employees who quit their jobs reached a record high at 4.5 million. While the number of employees quitting began to diminish in 2023, employers should continue to reexamine benefits as a tool for retention, especially if cash is tight.
  • The recruiting challenge: There were about 9.5 million job openings in the first quarter of 2024 and about 6.5 million workers actively seeking employment. Employers continue to face competition for skilled workers and have difficulty filling positions. The role that employee benefits and compensation plans can play in recruiting and retaining the best talent can be critical.
  • Creative thinking on benefits: Experts agree the employment landscape is changing, and employers must be creative and adapt. Employees have new expectations, and employers need a wide variety of tools at their disposal to meet them, including the right employee benefits. Today, employment policies and benefits programs are likely to include flexible work hours and work-from-home options, as well as paid family leave, parental leave, medical coverage alternatives, physical and mental health programs, and financial wellness programs. We will help you design and implement programs that fit your culture, business model, and budget while keeping up with evolving worker expectations.

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