Corporate Incentives for the High Net Worth (HNW) CEO

Corporate incentives can come from a variety of sources, including salaries, bonuses, stock options and stock ownership. According to a recent Harvard business review study, monetary compensation and stock ownership are still the two most effective tools when it comes to making sure that both the executive and shareholder interests are in conjunction with each other.

Corporate Incentive Plans

When a company has decided to offer their employees corporate incentive plans, they will first need to create specific incentive plans. While it’s up to the company to decide how many different incentive plans it wants to offer its employees, initially creating the incentive plan will help keep everyone focused and driven. Best practices involve offering employees additional incentives based on their overall performance.

For the High Net Worth, CEO’s, or Soon to Be

It’s true. The most important asset a company can have is its people. The fact that keeping employees long-term can be extremely beneficial to a company makes it necessary for the company to take measures to ensure that their employees do indeed stay long term. Some of the best measures to keep employees satisfied is offering them incentives. Company incentives often go above and beyond the normal salary and any 401k programs available, and are considered to be one of the best ways to reward an employee for their exceptional work.

The following list includes a number of corporate incentives ideas that can be used for retaining high net worth and/or CEO’s.

• Stock Options. When a company’s stock increases, stock options can still be purchased at the prearranged lower price. This incentive encourages employees to consistently meet or exceed their goals so that the company’s stock value will increase, as they now are part owner.
• Gain Sharing. Gain sharing incentives are a way to get employees more involved, and is one of the best ways to enhance the culture of a company.
• Unlimited Travel. Unlimited luxury trips are a top incentive idea!
• Paid Memberships. Paid memberships to country clubs, executive lounges, first rate gyms, and/or luxury spas are highly prized.
• Office Bedroom. A bedroom complete with bathroom that can be accessed from the office is indeed a prestigious corporate incentive.
• Huge Incentive Bonuses. A huge bonus can be offered to an employee to stay with the company for a certain amount of time or when a new position is offered. (If they leave before this time they must pay the money back.)

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