What is an executive compensation strategy? It’s an agreement between the business and the key employee. Without mutual agreement, an executive compensation solution is impossible. This makes determining a strategy that works for both parties an important part of the process.
An executive compensation strategy that employs life insurance can reward and incent key employees by maximizing a business owner’s dollars. And offer even more options for businesses, compared to cash bonuses.
Employers want to keep exceptional employees for several reasons:
Business owners are thinking: