In today’s tight labor market, companies are seeking competitive advantages to attract and retain top talent. In this Crain’s Quick Take, Mindi Johnson, an employee benefits attorney at Foster Swift, outlines how deferred compensation plans can be a strategic tool for motivating and rewarding highly compensated employees.

Johnson explains that traditional salary and benefits packages often fall short for key executives due to federal limits on qualified plans. Non-qualified deferred compensation plans help bridge that gap. “These types of programs can help a company accomplish its goals in retaining that ‘top hat’ group of management by providing an attractive compensation and benefits package,” she says. READ MORE