A mid-sized technology firm sought to attract top talent while managing costs and aligning executive pay with company performance. The firm struggled with designing a competitive yet sustainable compensation package for its executives, which impacted its ability to retain key personnel.
Client’s Challenge
The company needed a compensation plan that incentivized long-term performance, attracted industry leaders, and remained within budgetary constraints. The existing structure was rigid and failed to account for varying performance metrics across different roles.
Our Result
Phalanx Financial Solutions Group crafted a dynamic executive compensation plan that included performance-based bonuses, stock options, and deferred compensation. This solution not only attracted top talent but also aligned executive incentives with the company’s long-term goals, leading to improved retention and business growth.