Whether at the start-up stage, or running an established business, retention of great talent through culture as well as compensation and benefits is a must for competitive employers. Infusing trust within your ranks through benefit packages is a way to attract talent. Not only do proper compensation and benefits plans have a positive effect on the culture of the organization, there may be legislative requirements under the Employment Standards Act or other legislation that mandate employers to structure the compensation of their employees in a particular manner.
In a work environment where good talent is difficult to find, businesses must have the confidence that they can provide competitive compensation structured to stimulate business growth. Our employment lawyers provide strategic advice when it comes to the structuring of compensation and benefits plans.
Our lawyers have ties with industry leaders within the benefits, pension, and tax community in a way that allows us to provide our clients with quality service and referrals, and ensure that the compensation and benefits plans are aligned with the needs of your business.
Benefits could include traditional vehicles like share option plans, bonus plans, as well as less traditional options like promotions and equity based compensation.