Botoff Consulting Shares Insights In Global Family Office Community Journal: Volume 2

Coping With Crisis - Botoff Addresses Critical Compensation Considerations

The Global Family Office Community’s (GFOC) recently released "Emerging Stronger: the Next Decade for Family Offices" – Volume 2 of their annual publication, the GFOC Journal. “The GFOC journal is a high quality tangible journal for [their] family office members circulated exclusively to [their] community, and contains a wide variety of articles and interviews addressing the community's key concerns and interests.”

This journal contains many key insights from subject matter experts in the industry. Botoff Consulting is proud to have been included as a contributor with the section on “Coping with Crisis: Compensation Considerations” (pages 62-63).

“Coping With Crisis: Compensation Considerations” Section Highlight

The unsettled, pandemic “environment” provides family offices both with unique challenges and with broad opportunities to cement strong, enduring relationships with their teams. As they respond to and through this challenging period, families have a chance to deepen the alignment with their teams, in part, by rewarding actions that are in the best interest of the family. In some cases, this means making adjustments to compensation plans, as families and teams navigate through the current health and economic disruption.

“With line-of-sight considerations for 2020 in mind, families and family office teams now should look to review their [compensation and incentive] plans.” – contact us to learn how we can help.

Global Family Office Community ("GFOC"). "Emerging Stronger: The Next Decade for Family Offices" Global Family Office Community, 15 June 2020. globalfamilyofficecommunity.com/brands/gfoc-journal/