A competitive executive compensation plan is becoming increasingly vital to attracting and retaining talented management. In fact, employers taking Newport Group’s 2017 Current Practices in Non-Qualified Deferred Compensation Survey, said providing a competitive compensation plan, allowing executives to accumulate assets for their financial planning needs, and retaining executives were their top three goals when it comes to offering a Non-Qualified Deferred Compensation, (NQDC) plan.
According to the survey, NQDC plans are a more significant component of the executive compensation landscape than ever before, particularly among larger companies. Overall, 92% of survey respondents offer NQDC plans to executives at some level within the organization. We are also seeing a trend with smaller companies competing for top level executive talent offering NQDC plans as part of their overall benefits package.
To continue reading this article, download a copy here.