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If you are an employer in 2023 you are acutely aware of the struggles related to employee retention. If you feel like you have a revolving door spinning with the constant flow of advertising, interviewing and training the struggle is real…..and costly This is especially compounded when your competitors are actively poaching your key employees who may see the grass as greener on the other side. Is there a solution? Thankfully there is. I refer to it as “leveraged compensation.” Simply put, it’s a way of structuring a long term benefit that would only be fully realized once certain terms are met. Done properly it’s a win/win for both the employer and the employee. The only loser would be the competition who would be highly unwilling and certainly unlikely to even be able to match what would be left on the table. You can also contact me to discuss Life, disability and long term care insurance Retirement planning Estate planning College savings Chasuna savings LinkedIn coaching Email [email protected] or schedule a time to talk by visiting yaakovberman.com.
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