Employers with superior management usually have two major concerns:
How do I reward my employees in a way that encourages them to stay with me?
How would I replace them should something happen?
Planning for key people takes a strategic balance between the needs of the business and the wants/needs of the key employee. In many cases, and especially in small- to medium-size businesses, success depends upon a few top individuals that have niche talents, skills and experience. These key employees are critical to the long term performance of the company.
Specific Areas of Key Person Planning
Key Person Life Insurance
Disability Carve-Out Plans
Non-Qualified Long-Term Care Insurance*
Buy/Sell Planning
Deferred Compensation Planning
Non-Insurance Fringe Benefits*
Selective Executive Retirement Plans (SERP)
Recruiting talented leadership in today’s business environment is a challenge. And, once in place, retention of key employees is essential in order to avoid the business disruption and expense caused by the unexpected. Through a simple process of goal identification, solution implementation, and plan management Compass Benefits can help businesses maintain the “edge” they need to attract, enhance, and retain key employees.

* These products and services are not offered through any member of the Principal Financial Group. No member of the Principal Financial Group offers medical or long term care insurance. Any plan design and benefits consulting is offered outside of the member companies of the Principal Financial Group.

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