2024 NFP US Executive Compensation and Benefits Trend Report

This report serves as a comprehensive analysis of executive compensation and benefits trends for 2024, focusing on strategies to attract and retain top leadership talent. It outlines the importance of nonqualified deferred compensation plans (NQDCPs) and performance-based incentives as essential components of effective executive benefits packages. The report highlights that a significant majority of business leaders recognize the critical role of executive benefits in organizational success, with 98% believing that retaining top talent is crucial. Despite this recognition, many organizations are not planning to introduce new benefits, indicating a trend towards optimizing existing packages. The report also discusses the evolving needs of executives and the necessity for companies to adapt their compensation strategies amidst economic uncertainties. It emphasizes the strategic use of NQDCPs to align executive interests with long-term company goals and the importance of clear communication regarding benefits to enhance executive retention and satisfaction.