Practices

Benefits Review

Cash compensation alone does not enable an organization to position itself to stand out from competitors as part of a recruitment and retention strategy. An important piece of this strategy is through the use of a competitive benefits program. As the market for executive talent becomes more and more competitive, it is essential that organizations deliver a competitive benefits program that will both attract and retain the highest quality of executives. 

Our analysis of the benefit program includes:

  • Quantifying total benefit expenditures and comparing them, on a purely financial basis, to competitive practices within the health care industry
  • Reviewing specific benefit provisions to identify the competitive, financial, and tax impact on the organization and its executives
  • Identifying issues related to compliance with changing tax laws affecting any element of compensation, including retirement benefits and deferred compensation

Completion of this process is an essential step for maintaining an effective benefits program to attract and retain leadership talent.