KEY PERFORMER RETENTION
INCENTIVIZE KEY PERFORMERS TO INCREASE YOUR COMPANY’S PROFITS
Your company ’s success depends on the quality of your organization- the people who make decisions daily! The best place to make tactical decisions is closest to the customer. It has been our experience that a company’s potential to increase profitability can be more successful when these decision makers understand that their success is tied to the profit results of the company. Key Performers gain a sense of satisfaction knowing they get a piece of the company’s profits. This creates a “We are in this together” attitude!
A Key Performer Retention Plan that is funded by the very profits that the employees help generate can be an effective way to increase both annual profits as well as potentially increasing the value of your company. This is seen in a hypothetical example that by achieving two focused results, annual profits are increased by 98% and even after a 20% share of profits the potential value increase of the company is 79%.
ATTRACT, RETAIN, AND REWARD TOP PERFORMERS
One of the biggest threats your company may face today is the loss of Key Performers to your competition or even worse – starting a company of their own. This is especially important when transitioning the business. Therefore it is extremely important to have the correct plan in place that helps retain these Key Performers who can increase your profits not others!
When your Key Performers consider their employment alternatives in the marketplace you will want them to consider:
- They can directly impact their compensation as it is tied to their success in your company profits
- Your company has invested in them by allowing them to participate in an exclusive plan that creates a collaboration between owners and Key Performers
- They have some rewards of ownership without the risk of their capital