As the COVID-19 pandemic continues to financially impact companies worldwide, employers have been working to implement creative compensation strategies to mitigate the financial impact on their workforce, continue to incentivize employees and reward on-site essential workers. While cash is king, equity awards have long been a key component of an overall compensation and benefits strategy for many companies, from small to large, private and public. In difficult economic times such as these, granting equity awards can help companies save cash while filling a compensation gap created by salary reductions, unpaid furloughs or decreased benefits. Equity awards could also soften the blow to employees losing their jobs due to layoffs and redundancies resulting from an employer’s Coronavirus-related financial losses and cost-cutting measures. READ MORE
Chanani Sandler is a senior associate in Orrick's Global Employment and Equity Compensation practice in Orrick's New York office.
With more than 12 years of experience in cross-border human resources matters, Chanani advises multinational companies across all industry lines on a variety of employment-related matters and global equity compensation. He globally manages large multi-country and large multi-function HR projects.
From an employment law perspective, Chanani advises his clients on a range of employment-related matters outside the United States, including global/local offer letters and employment contracts, HR policies and handbooks as well as termination and settlement agreements. He works with his clients to consider the employment-related impact of, and undertake due diligence for, cross-border mergers and acquisitions.
Chanani also counsels his clients on how to effectively design, implement, communicate and administer equity-based compensation benefits and other long-term incentive awards to their worldwide employees in over 100 countries. He also provides services in the areas of corporate tax planning, cross-border tax planning, payroll support and employee education with respect to global equity compensation.
He has presented at industry educational forums, such as the National Association of Stock Plan Professionals (NASPP) and Global Equity Organization (GEO), on topics related to tax compliance as well as effective design, implementation and administration of global equity-based awards and other long-term incentive plans.
Posts by: Chanani Sandler
Can companies reduce the working hours and/or pay of their international workforce?
As the COVID-19 pandemic continues to disrupt business across the globe, many international companies are continuing to consider and implement cost-saving measures to protect their financial health. One of the major points for consideration is whether multinational companies may reduce the working hours and/or pay of their international workforce. READ MORE
As COVID-19 begins to spread in Latin America, we have seen countries begin to adopt measures to protect their citizens and residents. Some countries have been on lock down since last month, requiring all but essential workers to stay in place (e.g., Argentina, Bolivia, Colombia, El Salvador, Peru and Venezuela). Last week, Mexico canceled all non-essential activities and urged its citizens “Quédate en Casa” (Stay at Home). Other countries have extensive curfews (e.g., Dominican Republic, Ecuador, Guatemala, Honduras, Paraguay). READ MORE
While most of the world is triaging around stricter COVID-19-related restrictions and lockdowns, some countries are already starting to take steps to return to a new normal – one where business continues even as outbreaks may flare up. With plenty of lessons to learn and a cadre of non-essential personnel looking for productive activity, employers who can do so are advised to take advantage of the “pause” in regular activity to sure up for the “post” COVID-19 realities. Below are some suggested areas of focus: READ MORE
As the coronavirus, now officially named the “COVID-19 virus,” continues to spread across the world, employers are also looking to ensure a safe working environment for their employees. In addition to our previous perspectives for U.S. employers and EU employers, this updated overview provides employers in the rest of the Asia-Pacific (“APAC”) region with practical advice to develop their COVID-19 virus response strategy. Specifically, this overview covers the countries of: The People’s Republic of China, Hong Kong, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and Vietnam. READ MORE