Growing competition, globalization, increasing governmental regulations
and rapid technological advances are transforming business around
the globe. The combination of these trends makes designing and administering
effective compensation and benefits plans increasingly complex –
and critically vital to an organization’s long-range plans.
At Cherry Bekaert & Holland, L.L.P. (CB&H), our Compensation
and Benefits Solutions experts can help clients promote superior employee
performance that results in a competitive edge. Through our various
tax-advantaged services, we may be able to help you lower costs, improve
performance and boost your bottom line.
Compensation Advisory Services. CB&H can assist
companies in designing compensation arrangements that align executive
and director pay with corporate goals. Specifically, our professionals
provide:
Compensation committee support services
Traditional and nontraditional incentive plan design, implementation
and communications
Review of executive employment agreements
Analysis of change in control provisions, executive benefits and
perquisites, retention and severance data
Benchmarking and analysis of competitive practices
Tax and accounting advisory services
Benefit Plan Evaluation and Design. CB&H can design competitive
benefits programs that help meet organizational objectives. Our services
cover:
All broad-based programs (pension, savings, health and welfare
plans)
Stock plans, such as ESOPs, ESPPs and stock options
Global plan design (equity and non-equity)
Deferred compensation (including compliance with the 2004 American
Jobs Act requirements
Employee communications program development and implementation
Risk Management Services. Our compliance reviews
ensure that compensation and benefit plans comply with laws and regulations
mandated by the Department of Labor, the Securities and Exchange Commission,
the Internal Revenue Service and other government agencies, while
retaining qualified and tax-advantaged status. Specific risk management
services include:
Mock IRS audits and limited reviews
IRS voluntary correction
IRS audit representation
Compliance (outsourcing)
Pre- and Post-Merger Planning and Support. At CB&H, we
can help companies identify the costs and potential pitfalls of undertaking
a merger, acquisition or corporate restructuring. Additionally, our
assessment and developmental support can help to ensure the change
initiative’s success. Specific services include:
Severance and retention planning
Golden parachute analysis, including cost and tax mitigation strategies
Analysis, plan design and implementation of qualified plans, nonqualified
plans, health and welfare plans, compensation programs, etc.
Vendor search assistance
Management assessment and development
Team development
Vision and strategy development
Employee communications
Culture management
Human Resources Advisory Services. As a strategic
business partner, CB&H can enhance value and help to strengthen
and measure the impact of Human Resources departments. HR services
include:
Conducting HR performance audits
Helping HR departments to clarify their strategic goals and to
identify the best means of attaining them
Developing appropriate department-level performance measures and
related targets
