We understand your needs and are here to help you to navigate your HR and Reward Strategies during bankruptcy and restructuring.
In times of financial distress, executives and other key employees work under tremendous pressure to restructure their business to preserve value for financial stakeholders, jobs for employees, and business continuity for customers and suppliers. In the absence of focused actions, executives could work for 25 cents on the dollar. Severely underpaid executives may resign or adjust their work tempo to reflect their compensation. The best practice is to offer pay opportunities incentivizing management to drive the restructuring. We understand your challenges and can assist through every phase of the process from before, during to after your restructure.
If your company is facing financial distress we are here to help you to:
By taking a tailored approach to your incentive and retention plans we can accommodate for your company’s unique restructuring needs. Some example of how include:
Mercer’s consultants specialize in compensation challenges caused by various types of financial distress, from out-of-court recapitalization to bankruptcy reorganization or a distressed sale. We stand behind our advice and will present to board, creditors and bankruptcy courts.
Complete the form below to learn more about how we can help you to navigate your HR and Reward Strategies during financial distress