Getting Everyone What they Want: The Power of Jeremy Goldstein

If you have ever wondered if your company’s compensation plan is treating you fairly, then you are not alone. On the other side, the company and shareholders are probably wondering if they are being treated fairly by the incentives they are paying out as well. Sometimes, these two sides come to a head, and mediation and counseling must take place to make sure the right decision is reached to benefit everyone. This is where Jeremy Goldstein comes in.

 

Recently, Goldstein has been working with companies and employees to talk about the performance-based bonuses that several established companies use to incentivize their employees. With these programs, certain metrics are measured up against actual metrics at the end of a period to determine if employees and executives get a bonus. These metrics, such as EPS, gross margin, or net income, determine how the company did in the prior year. Now, however, many people are challenging if those are the right metrics to be using to determine bonuses.

 

First of all, the opponents argue, executives have way to much say in what these metrics ultimately are. For example, if a CEO knows that he will have to purchase a new plant in the next few years, but he will be retiring this year, he will probably hold off even though it is not in the best interest of the company. This CEO would rather defer the expense and take a larger bonus (since now net income will be higher) and let his successor take the hit. This can cause issues for shareholders and employees. Not only that, but these metrics are all looking at past performance and give little to no indication if the employees actually contributed to the long-term well-being of the company.

 

Jeremy Goldstein decided to split this decision down the middle and give both sides a little of what they wanted. He said that companies should have much more scrutiny and hold their CEOs and CFOs accountable for their actions. Companies should also implement forecast objectives and other forward-looking measures in their incentives.

 

Jeremy Goldstein started Jeremy L. Goldstein & Associates to help businesses with compensation and corporate governance issues. Since he started practicing law after graduating with his J.D. from New York University, Goldstein has acted as a counselor and advisor in countless disputes between companies, both large and small, and their employees. With Goldstein at the helm, everyone can get what they want. Learn more:  https://www.linkedin.com/in/jeremy-goldstein-26aa1b4

 

Shared office space in NYC is easy with Workville

Thriving in a Shared Office Space

The rising trend toward coworking spaces is quietly revolutionizing life for creative professionals.

These shared office spaces give freelancers and other independent workers a communal setting in which to ply their trades. There’s growing evidence that workers who use them thrive in ways that people who spend their days in typical corporate environments don’t.

The ability to control one’s own environment and work schedule boosts morale. In a coworking space, a person can set his or her own hours. He or she decides when to show up or leave — or whether they want to show up at all — as well as when to take a break and even what environment they prefer to work in.

For example, WorkVille, a shared office space NYC, gives workers the choice of private offices, shared offices, open desks, or joint areas where a variety of people work. This engenders a sense of community and gives workers the ability to socialize if they choose. It also makes workers feel more in control.

Because people from different industries are sharing the same areas, there’s less stress than if everyone were in the same business or part of the same company. By gathering people together from diverse backgrounds, with a range of skills, shared office spaces encourage collaboration and creative problem solving, rather than competition.

Having a place to go each day creates structure for freelance and remote workers. It also gives people who work on their own a sense of community, which increases enthusiasm.

Many workspaces realize that and find ways to encourage interaction. WorkVille has a cafe where people interact while taking breaks, as well as a lounge area and three outdoor terraces to relax on in between work sessions.

Most shared office spaces provide everything a person needs to get work done. WorkVille, for example, has private phones, printers, personal mail service and fast internet access. The convenience makes it easier for people to focus on their jobs.

As an increasing number of people turn to coworking spaces and find themselves thriving, the corporate world takes note. Shared office areas allow businesses to hire more remote workers.
via https://hbr.org/2015/05/why-people-thrive-in-coworking-spaces