Stock plans reward employees, protect ownership level

Article Abstract:

Public relation firm principals are advised to consider a number of equity-based stock plan programs as a reward for their key personnel in lieu of actual stock transfers. Such programs, which include Stock Appreciation Rights Plans, Performance-Based Share Phantom Stock and Phantom Stock, compensates the employee when the value of the company's stock increases while protecting the level of ownership within the company.

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'Nonqualified deferred com plans' help firms retain key employees

Article Abstract:

Many PR firms establish 'nonqualified deferred compensation plans' (NQDC) for executives and employees owing to the limitations on contributions and retirement benefits allowed in most qualified retirement plans. In many cases, NQDC plans are not subject to the tax and labor law requirements that govern qualified pension and profit-sharing plans. There are three types of NQDC plans based on their use of approaches for funding, namely salary continuation, salary deduction and death benefit only.

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Compensation for key employees

Article Abstract:

The rising popularity of the public relations industry has led to a rise in turnover rate of employees. The companies need to provide better compensation packages to retain employees. The various cash and non-cash benefits that can be offered to employees are discussed.

Management dynamics, Public relations services, Management, Human resource management, Compensation and benefits, Company business management, Company personnel management, Workers, Public relations agencies

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