Welcome to Ask an Adviser, EBN’s weekly column in which benefit brokers and advisers answer (anonymous) queries sent in by our readers. Looking for some expert advice? Please submit questions to askanadviser@arizent.com. We asked Bartek Podolski, co-founder and CEO of GGS IT Consulting, to weigh in on the following: What is a long-term incentive plan and how can it help us?
Soaring inflation, labor shortages and increasing pay competition are currently the top concerns for most companies. Firms compete with each other by offering salary raises that will erode. But you can attract and keep talent by offering your employees real value: a long-term incentive plan (LTIP) is a winning formula for professionals and companies alike.
