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Be there for the 27th annual event Sept. 16-19, 2019 in New Orleans!
Our popular “Meet the Speaker” series, featuring interviews with speakers at the 26th Annual NASPP Conference, is a great way to get to know our many distinguished speakers and find out more about their sessions in advance of the Conference.
For today’s “Meet the Speaker” interview, we feature an interview with Juliette Senior-McKay of Genpact, who will lead the session “Going Global: Implementing a Global Stock Plan.” Here is what Juliette had to say:
NASPP: Why are global stock plans important?
Juliette: Our current global economy is filled with uncertainty and ambiguity and, as a result, the workforces around the world are shifting and diversifying. Some are limited in technical talent and are aging and shrinking while others are young, engaged, and increasingly self-confident. 3.6 million baby boomers retired in 2016 while a quarter of millennials became managers in 2016 (Aon's People Trends 2016). The new workforce is using non-cash compensation to create leverage; they want to be rewarded and recognized. Companies need to ensure that they are implementing global stock plans that will attract and retain loyal employees.
NASPP: What is a common mistake companies make with their global stock plans?
Juliette: Companies are not doing their research. They are approving the grant of equity in countries before doing the leg work to establish tax beneficial sub plans. In this ever changing political and social landscape, employees are more knowledgeable and are pushing back, requesting that employers grant equity awards that not only benefit the corporation but the employees as well. This is the only way to retain key talent.
NASPP: When it comes to global stock plans, what is the worst that can happen?
Juliette: The worst that can happen is that companies lose key talent to competitors. It's a trickle-down effect from there.
NASPP: If you weren't in stock compensation, what would you be doing?
Juliette: I would be designing and coordinating weddings and special events!! Long story—I'll tell you about it over lunch.
Don’t miss Juliette’s session, “Going Global: Implementing a Global Stock Plan,” at the NASPP Conference!
The 26th Annual NASPP Conference will be held from September 25-28 in San Diego. This year’s program features close to 100 sessions on today’s most timely topics in stock and executive compensation; check out the full agenda and register today!