In today's contemporary executive benefits environment, HR Executive magazine writes that certain trends are in vogue today (Many companies are increasingly turning flexible benefits plans such as nonqualified retirement plans and restricted stock grants, as well as special executive oriented health benefits plans to health company leaders deal with stress. (Chambly 2010). It is the last item on this list that also stands out as being important for Human Resources professionals as well. HR professionals are concerned with recruiting and hiring healthy leaders who will be able to keep up with the demands of the professional job and the pace of the company. Health oriented benefits figure into a lot term corporate strategy of company wellness that will pay dividends in returns when the pressure of the market builds and company leaders are performing well (Hiles 2009).
An attractive and well modeled executive benefits package has the power to attract and keep the right type of leadership team for a company. Human resource professionals use strategic medium and long term framing strategies when crafting such a prackage for a high valued candidate. The goals when shaping such a package are to communicate a message of culture that is willing to meet the candidates specific goals, which nurtures loyalty and which values its executives well being and happiness.
Chambly, Todd (2010). Always accessible. HR Executive. Retrieved from http://www.hreonline.com/HRE/view/story.jhtml? id=443108467&ss=executive+benefit
Hiles, A. (2009). Tough times demand focus-Total rewards strategy. Benefits Quarterly, 25(4), 44.
Miller, J. S., Wiseman, R. M., & Gomez-Mejia, L. R. (2002). The fit between CEO compensation design and firm risk. Academy of Management Journal,45(4), 745- 756.