As an executive, you deserve to have benefits that correlate with the work you do. Whether you are a CEO, president, or another chief officer, it is important you receive proper compensation.

While an employee will earn a benefits package that includes basics, such as vacation time, medical, and family leave, an executive benefits plan is more complex. These benefits can range from a base salary to deferred compensation earnings and may include:

• Short-term incentive pay, sometimes in the form of a bonus
• Long-term incentive pay, sometimes in the form of stock awards
• Supplemental Executive Retirement Plan, which is sometimes referred to as a pension
• Extra benefits that may include cars and club memberships

It is important for a company to keep their executive’s needs in mind when deciding on executive compensation and benefits plans, but also work within a framework of a company’s financial strategies.

Some people believe higher salaries are the best way to answer executive compensation and benefit problems.  This may not always be the best option. In order to create the best benefits package, there are some benefit plan strategies you may need to follow. We believe you should:

• Establish objectives for your employees and your company
• Begin preliminary planning
• Plan modifications for potential changes
• Develop and implement the administration of the package
  
  

Financial advisors can provide access to various investments. One of the best ways to pursue your goals is to talk to a financial advisor. We will help you set up your financial goals, then offer what we feel are the best strategies to pursue those goals.

Contact us today.