October 10, 2024
10am-11:30am


Member Fee (Live or Recording):  $165 per connection 
Non-Member Fee (Live or Recording):  $265 per connection


In the face of evolving technological and regulatory landscapes, banks are increasingly tasked with devising innovative strategies to attract and retain top executive talent, a challenge that is particularly pressing for local banks competing with larger entities for high-caliber executive leaders. This webinar will explore how developing compelling executive compensation plans can serve as a key strategy in this competition. We will also discuss strategies for community banks to attract and retain top executives amid technological and regulatory shifts. We'll highlight the importance of competitive compensation plans that align executive rewards with the bank's long-term success, using a mix of cash and equity incentives tied to performance goals. The discussion will focus on fostering executive commitment and driving bank’s ongoing success and growth.

The webinar will cover:

• Stocks or Cash Bonuses: Aligning rewards with the bank's long-term success and performance.
• Cash and Equity Incentives: Structured around short-term and long-term goals to encourage retention and meet financial targets.
• Diverse Incentive Options: Including stock options, restricted stock, restricted stock units (RSUs), and phantom stock, each with specific vesting conditions and benefits.

Michael Williams of Phelps is sought after for his expertise in complex tax and employee benefits issues, serving a diverse clientele that includes private universities, Fortune 500 companies and large nonprofits. He offers strategic guidance on tax-qualified retirement plans, including 401(k), 403(b) plans, ESOPs and defined benefit plans.