Family offices are getting more and more sophisticated, with complex structures and investment platforms similar to that of institutions. Attracting the talent to deliver and manage those models and platforms demands a compensation package that is competitive with other professional firms. Eric and Ken will discuss how the industry has changed and how compensation packages at family offices have evolved to meet those needs.
Compensation and Benefits
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2022 FOX Foresight - Solving the Talent Dilemma
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It's not news to family office hiring managers that prepandemic employment challenges have only become more intense. COVID-19 just fanned an existing flame of empowerment and flexibility demands. Salary is no longer a potential hire’s biggest concern. When the postpandemic conversation becomes less about where work is done and more about how (and how well), thoughtful programs focused on health and wellness will become table stakes. If your organization doesn’t have a competitive total-compensation philosophy, be prepared to lose in today’s fierce talent war.
Open Enrollment Compliance Checklist
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Your employee benefits plan is likely one of your organization's largest expenses and one of your most important for attracting and retaining employees. To help you prepare for open enrollment season, this checklist will assist with your compliance obligations.
The Employee Benefits Cost Management Challenge
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The forces of change in the health care and employee benefits environment have grown stronger and more disruptive with each year. But the disruption has also opened up a rich set of options to help family offices and businesses respond to the needs of the workforce, promote the need for behavioral changes, and still generate financial benefits for everyone involved. In today’s dynamic landscape, the reality is that only a multi-year strategy can truly manage trending costs and their root causes as year-to-year changes are minimally effective.