Remuneration is an emotional issue for most of people. Getting remuneration wrong has the potential to create conflict – whether within a privately/family owned business, or a larger corporate organisation. Issues of fairness and market value are critical to successfully implementing remuneration programs.
Emotional issues aside, there are a number of commercial and taxation benefits that effective remuneration planning can offer. Grant Thornton’s remuneration planning services can help you identify and address important remuneration issues such as:
In the context of private businesses, remuneration planning should be considered in tandem with business owner structuring. Often alternative forms of remuneration can be achieved through different structures.
For more information about how Grant Thornton can help you with remuneration planning, contact:
National Service Line Leader Privately Held Business