Three Must-Have Benefits to Look for in a Potential Compensation Package
An executive compensation package goes beyond salary—it’s a strategic tool for attracting, retaining, and motivating top-tier leadership. While pay remains a central factor, the right mix of benefits can make a position far more appealing and ensure alignment with long-term company goals. Here are three critical benefits that should be included in any well-rounded executive compensation package.
1. Equity or Ownership Opportunities
Equity compensation—such as stock options, restricted stock units (RSUs), or performance shares—is a powerful motivator for executives. It aligns their interests with the success of the company, encouraging long-term thinking and performance.
Equity gives executives a stake in the company’s future and can result in big financial rewards if the business grows or meets certain milestones. This sense of ownership can also encourage deeper commitment, loyalty, and accountability, especially for startup or growth-stage companies looking to build a high-performance leadership team.
2. Comprehensive Retirement and Deferred Compensation Plans
Executives are often looking beyond just a paycheck—they’re thinking about long-term financial security. Offering enhanced retirement options, such as supplemental executive retirement plans (SERPs) or non-qualified deferred compensation plans (NQDCs), helps attract experienced leaders who are planning their financial futures carefully.
These plans allow executives to defer a portion of their income and potentially reduce tax liability, while building retirement savings at a faster rate than standard 401(k)s alone. For the company, these tools also encourage long-term tenure, since benefits often vest over several years.
3. Health and Wellness Benefits (with Executive Perks)
While most employees receive health insurance, executives often expect more comprehensive, personalized care options. This may include premium health insurance, annual executive physicals, concierge medical services, mental health support, and wellness stipends.
Also, perks like access to a company car, travel allowances, or flexible scheduling can enhance lifestyle satisfaction and reduce stress—two key concerns for executives juggling demanding responsibilities. Supporting their overall well-being not only improves retention but also helps ensure they perform at their highest level.
An effective executive compensation package balances competitive pay with strategic benefits that dovetail with the company’s goals and the executive’s personal and financial priorities. Equity incentives, advanced retirement planning, and premium health and lifestyle benefits all signal that the company values its leadership and is invested in long-term partnerships.
At G.A. Rogers & Associates, we care about our job candidates, our results, and our relationships. We take the time to get to know each person, enabling us to make the best career matches. Visit our job board to browse the latest positions today.
