The Business of Fashion - People and Politics (Part I): Executive Compensation and Employee Benefits Update

It's all about the economy. Being an employer of choice, particularly in the fashion industry where competition for talent is fierce, is becoming even more challenging. Rising costs of goods, spending curtailment and increasing access to discounted merchandise has the fashion industry scratching its head regarding appropriate compensation and benefits. Finding the right mix of talent, vision and loyalty is difficult enough without having to worry about non-competition clauses, golden handcuffs and other restrictive covenants. Moreover, keeping the top talent connected to your brand and in-house needs the right mixture of money and creativity.

In this course, viewers learn how to advantageously use non-competes and restrictive covenants as well as to identify best practices when an employee or executive leaves one company for another. In addition, viewers see how fashion brands are reinforcing non-solicitation and other provisions after termination of the employment relationship. Lastly, attendees explore how to develop and administer an incentive plan that works for their organization. There is also an exploration of new ideas for 2017 and look back at 2016.

Join Rania V. Sedhom, Managing Member, Sedhom Law Group, PLLC, a Bespoke Law Firm and Marjorie M. Glover, Chair of Chadbourne & Parke LLP employment law, executive compensation and employee benefits departments, as they discuss the practical effects and solutions of certain employee benefits and executive compensation practices. 

1. Define executive compensation and employee benefits
2. Understand non-solicitation
3. Grasp restrictive covenants
4. Explore and comprehend incentive plans
5. Discuss a look back (and forward)