Designing A Plan
An effective incentive design, that encourages your talent to stay with your company, must have real value for the targeted Key Employee.
We create a profile of each of your candidates, then design a meaningful incentive package for each candidate or a group tailored specifically to that selected employee or group.
An incentive design typically includes one or more of the following features:
- Deferred bonus with performance or service year incentives, or both
- Survivor benefits
- Children’s college funding
- Supplemental Retirement income
- Disability benefits
- Long-term care benefits
Our incentive plans are designed to help you retain and reward your most valuable employees by:
- Ensuring that the incentive(s) are a motivator for the employee
- Involving the employee’s family when possible
- Rewarding over periods of time for performance or longevity, or both
- Creating a significant financial hurdle for a competing employer
There are also features designed to lower risk for the employer:
- In the event of voluntary or involuntary termination prior to plan completion, all benefits are surrendered to the company
- The employer is typically reimbursed a significant portion of the cost of funding the plan
- Reimbursement can then be used in any way the company chooses
The bottom line is this: The freedom and flexibility to respond to a dynamic employment environment is now within your reach.