Employers use commissions and incentives to attract and retain top talent. It’s critical that those incentives be properly structured.
Employers in today’s job market fiercely compete for qualified executives, offering lucrative and sophisticated incentives to persuade them to join their companies and drive performance goals. Whether you’re an employer or an employee, a Sommers Schwartz lawyer can help you plan, implement, and if necessary, litigate employment compensation provisions.
Different Types of Employment Incentives
Employee perks and augmented compensation may include stock options, signing bonuses, and other ongoing performance awards. Additionally, many employees, especially in the Metropolitan Detroit automotive industry, are paid in whole or in part by way of commissions.
Sommers Schwartz’s experienced and knowledgeable employment attorneys often counsel clients in connection with understanding and negotiating employment agreements that include just these sorts of incentives. We can help you achieve your goals by favorably structuring these types of agreements as well as avoiding later disputes arising from a failure to pay earned stock options, performance grants, commissions and other incentive compensation.
Contact a Sommers Schwartz attorney today to confidentially discuss your case and learn how we can help.