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- Global Workforce Solutions
Covington’s Global Workforce Solutions team leads efforts to achieve companies’ strategic business goals, particularly the intersection between areas such as global equity, employment, tax planning, and global mobility.
We act as a central workforce hub during complex corporate transactions and initiatives. We analyze, plan, and then navigate the path forward across organizations, drawing together teams handling separate aspects of the process, but who often work without an internal coordinator overseeing the project holistically. We ensure that the right people are handling the right matters at the right time, in concert.
From our centralized vantage point, we are able to foresee workforce problems before they arise and use our extensive experience to manage companies’ most challenging projects efficiently.
Case Studies
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Managing Equity |
Cross-Border Workforce Reorganization |
Guiding a Company Through Rapid International Workforce Growth |
Our teams lead a wide variety of international workforce projects, including:
- Spinoffs
- Global Equity
- Employee Benefits
- Globalization
- Mergers
- Global Reorganizations
- Redundancy Programs
- Integration of Acquisitions
- Ongoing Compliance
We also work across Covington’s practice areas (including our renowned and deep bench of market-leading regulatory practices) to assemble bespoke teams for these complex workforce projects. Our teams regularly combine lawyers and advisors from a variety of subject areas, including:
- Antitrust/Competition
- Corporate Governance
- Data Privacy and Cybersecurity
- Employment
- Employee Benefits
- Mergers and Acquisitions
- Global Mobility
- Integration and Legal Entity Structuring
- Outsourcing
- Capital Markets and Securities
- Restructuring and Bankruptcy
- Tax
- Supplier Relationships - Documents and Strategy
Covington’s Centralized Leadership Role
We serve as project “quarterbacks,” joining together clients’ disparate departments and teams:
Cross-Border Workforce Reorganization
A fast-growing U.S.-based start-up planning and executing an aggressive global expansion relied on Covington’s global workforce team to mastermind a comprehensive implementation strategy that met the business’ goals while addressing compensation and benefits planning and employment challenges across dozens of jurisdictions.
Guiding a Start-up Through Rapid International Workforce Growth
A fast-growing U.S.-based start-up planning and executing an aggressive global expansion relied on Covington to mastermind a comprehensive implementation strategy that met the business’ goals while addressing compensation and benefits planning and employment challenges across dozens of jurisdictions.
Managing Equity Compensation in a Complex Global Corporate Spinoff
A large multinational company undergoing a complex, transformative reorganization and spin-off relied on Covington to lead a strategic redesign of its global equity compensation plans to more effectively deliver meaningful compensation to executives and employees in over 50 countries.
Global Equity Incentive Plans
Developed global equity incentive plans, proxy summaries, and prospectuses for Fortune 100 companies and private equity portfolio companies.
December 2, 2020, Covington Alert
As discussed in the previous two installments in this series dealing with voluntary separation programs and global reductions in force, workforce reorganizations can take various forms and, even within a particular scenario, there can be many nuances. One constant, however, is usually advance planning. The importance of this cannot be overstated, especially in a ...
November 24, 2020, Covington Alert
As large companies across the globe continue to navigate the ongoing COVID-19 pandemic, many are considering workforce reorganizations as a way to reduce costs in light of geopolitical and economic uncertainties, flagging demand, and a rapidly changing outlook for recovery. Workforce reorganizations can take many forms; however, many companies will consider ...
November 17, 2020, Covington Alert
As large companies across the globe continue to navigate the ongoing COVID-19 pandemic, many are considering workforce reorganizations as a way to reduce costs in light of geopolitical and economic uncertainties, flagging demand, and a rapidly changing outlook for recovery.
August 2019, Covington Alert
The ECJ ruled on 14 May 2019 (C-55/18) that Member States must take measures to ensure that employers comply with the minimum rest periods and prevent workers from working in excess of the weekly maximum working hours, including introducing an "objective, reliable and accessible system" to measure daily working time.
February 2019, Covington Alert
This International Employment Update summarises recent international employment law developments in China, France, Germany, Russia, the United Kingdom and the United States.
July 20, 2018, Inside Compensation
This article originally appeared in Law360. Companies have had a lot to digest since the passage of the Tax Cuts and Jobs Act (the “TJCA”) late last year. But for executive compensation attorneys and professionals who work with or advise public companies, the elimination of the tax deduction for performance-based compensation under section 162(m) of...… ...
May 21, 2018, Inside Compensation
[This article was originally published in Law360.] As U.S. companies expand internationally, they often wish to compensate their non-U.S. employees with stock options, restricted stock, phantom stock and other forms of equity compensation. But offering equity compensation to non-U.S. employees is not as straightforward as it may sound, and is often more ...
February 1, 2018, Covington Alert
This International Employment Update summarises recent international employment law developments in China, India, Italy, Russia, the United Kingdom, and the United States.
May 12, 2015, Inside Compensation
As business becomes increasingly globalized, multinational corporations are sending more executives on international assignments and hiring more expatriates to fill local positions overseas. Compensation connected to these employment patterns can create a series of legal and regulatory challenges. For example, unless an exception applies, U.S. citizens and ...
December 9, 2014, Inside Compensation
We are writing with another update on French labor law that could impact international corporate transactions. French President Francois Hollande has proposed a change to French legislation that could remove the threat of imprisonment for directors and senior employees who are found to have breached obligations to consult with works councils and other employee ...
October 31, 2014, Inside Compensation
By: Chris Bracebridge, Luciana Griebel, Helena Milner-Smith, and Jenna Wallace A French law that comes into force on November 1, 2014 will give employees new rights to be informed prior to the sale of a small or medium-sized company, thereby allowing them the opportunity to make an offer to purchase the company. Companies that meet certain...… Continue Reading