Challenge

The cost to recruit a new executive is often expressed as a multiple of that position’s salary. Depending upon the industry and market, that cost can be anywhere from 2x to 5x salary.

Today’s executive candidates are looking for – and comparing – total compensation packages. Savvy candidates are interested in benefits beyond annual salary and traditional voluntary benefits.

Solution

As soon as you know you’ll need to recruit an executive level position, engage Gallagher to assess your current offering and design a competitive executive benefit plan. The right plan attracts quality candidates, reflects performance expectations, and helps to keep them in place for the long-term.