How Non-Qualified Deferred Compensation Plans Can Help Businesses Attract and Retain Key Employees

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In order to lure or retain key employees, some companies focus on helping their employees balance personal and professional responsibilities while other companies focus on financial incentives. However, when it comes to the competitive market for high-level employees and executives, a non-qualified deferred compensation agreement may be the right incentive. When used properly, a non-qualified deferred compensation plan is flexible, easy to understand and administer, and can be beneficial to both employer and employee.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Jason M. Woodward, MS, J.D., LL.M., Woodward Tax Law | Attorney Advertising

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