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In this episode of The Proskauer Benefits Brief, Proskauer partner David Teigman , senior counsel Nick LaSpina , and special guest Michelle Garrett , a principal at the compensation consulting firm Semler Brossy, discuss employeeretention. David Teigman: Today, I wanted to talk about employeeretention.
Topics being discussed include re-evaluating major areas such as corporate tax structure, executivecompensation, employee bonuses and depreciation of assets. If you’re not planning to hire more employees, you may be able to give raises or one-time bonuses that will help retain employees.
Innovation broadly impacts a board's fundamental responsibilities, including long-term planning, corporate strategy, people and culture, executivecompensation, investments, and acquisitions. Achieving a balance between innovation for long-term economic growth and the organization's purpose is a corporate governance issue.
EmployeeRetention Credit. The Coronavirus Aid, Relief and Economic Security Act (CARES Act) created the employeeretention credit to help eligible employers keep employees on their payroll by providing a refundable credit against qualified wages and certain health plan expenses.
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