The Issue on Employee Incentives
A lot of considerations go into transforming an economic system that’s sustainable for both employees and employers. Jeremy Goldstein, an established attorney based in New York was able to see the negative effects of avoiding to reverse this situation. He mediated a problem on incentives given to employees and long-time investors. Jeremy Goldstein has worked with several companies such as Verizon, Goldman Sachs, and Bank of America. Through this experiences, he has found solutions on how to manage a company’s incentive programs for employees, and what company’s should do to avoid losses through this system.
Earnings per share (EPS) is the system with how a company gives employees the incentives based on the number of sales or transactions that are successful. The EPS is valuable because, for many shareholders, it is one of the biggest determinants of the company’s stock price. This system has proven to be effective to make companies more profitable, as recent studies have shown. For both employees and shareholders, it can seem like a good advantage. But seeing the other side of the coin, having an EPS may also lead companies to an unfair advantage in the economic climate.
To solve this problem, Jeremy Goldstein gives advice to companies to compromise between the steps to make a balanced decision between the members who may be pro or ant-EPS system. Mr. Goldstein believes that a better way to avoid the unfair advantage is to hold the key leaders in the company responsible for their actions. The pay per performance system should be aligned with the goals of the company, and it must be computed to see if the profits show a sustainable growth in the long run.
Learn more: https://www.quora.com/profile/Jeremy-Goldstein-20
About Jeremy Goldstein
Jeremy Goldstein is a long-time lawyer who has been practicing in New York City. He started working in a firm, and eventually moved on to start his individual practice, at Jeremy L. Goldstein and Associates, LLC. He completed his studies at the New York University School of Law. He specializes in legal cases that occur within large companies such as those aforementioned. Aside from this, he has worked with several notable firms in banking, telecommunications, petroleum and stockholder industries.
Mr. Goldstein is considered one of the top lawyers in his field, being part of the Legal 500 and Chambers USA Guide Lawyers in the Business sector. To add to this, he is a regular contributor to the NYU Journal of Law and Business. He also engages in charitable acts and often donates to Fountain House, an institution that helps individuals with mental illnesses.