In this episode of OK at Work, attorneys Sarah Sawyer and Russell Berger from Offit Kurman discuss the concept of phantom equity and its role in incentive compensation. As year-end approaches, businesses evaluate bonuses and future incentives. Phantom equity, a form of compensation for executive-level employees, operates like actual equity without involving ownership or entanglements. It serves as a mechanism to align company and individual goals, especially during events like a business sale, by promising bonuses based on hypothetical ownership stakes. Ideal for fostering an ownership mindset without the complexities of real equity, phantom equity offers a flexible and strategic incentive option.

00:00 Introduction to Incentive Compensation

00:48 Understanding Phantom Equity

01:30 Benefits and Uses of Phantom Equity

02:25 Comparing Phantom Equity to Actual Equity

03:53 Conclusion and Final Thoughts

In this week's episode of OK at Work, attorneys Sarah Sawyer and Russell Berger from Offit Kurman discuss the crucial steps employers need to take after concluding a workplace investigation. They explore practical and legal considerations when addressing findings of misconduct, retaliation, or policy violations, including remediation for affected employees and disciplinary actions. The conversation emphasizes the importance of acting on investigation results to manage risk and maintain a healthy work environment.

00:00 Introduction to Workplace Investigations

00:17 Types of Investigations and Common Issues

00:58 Addressing Findings and Immediate Actions

01:29 Disciplinary Actions and Considerations

02:17 Balancing Legal Risks and Business Operations

04:38 Conclusion and Final Thoughts

In this episode of OK at Work, attorneys Sarah Sawyer and Russell Berger from Offit Kurman discuss the key considerations for employers during the holiday season. They emphasize that while holiday parties are a great time for employees to celebrate and have fun, they remain work events where workplace rules and behavioral standards still apply. They share practical tips on planning and executing these events to ensure a balanced, enjoyable, and professional environment. Tune in for valuable advice on managing holiday get-togethers while maintaining a positive and respectful workplace culture.

00:00 Introduction to Holiday Parties
01:02 Workplace Rules Still Apply
01:47 Planning and Executing the Event
02:39 Balancing Fun and Professionalism
03:14 Conclusion and Farewell