Sentences with phrase «key employees»

For an employee who owns no equity in the business, the maximum amount of key employee life insurance a business can buy is 10 times the employee's annual income.

The 25 year term life insurance policy is also used for key employee life insurance.

It also can help with implementing tax - advantaged retirement benefits for key employees as well.

Life or disability income insurance can compensate a business when certain key employees die or become disabled.

If key employees are not rewarded, they may feel under - appreciated and begin to consider other employment or business alternatives.

In addition, our investigation of strategic options may result in added costs, potential loss of customers and key employees as well as management's distraction from ordinary - course business operations.

This also means you keep up with key employees who interact with your clients on a day - to - day basis.

These special tax features make whole life or universal life a supreme solution for cash growth, supplement retirement income or retaining key employees with executive bonus plans.

Businesses also purchase life insurance on key employees, called «key man insurance» which protects the business financially if they lose someone critical to the functioning of the company.

Help protect your company with key employee insurance that can help minimize the financial impact of losing a critical employee.

The former employee can further damage the business by taking customers and other key employees with them.

An executive bonus plan can be an effective way to retain and reward key employees who are essential to the company's success.

You need to be able to avoid institutional memory loss when key employees leave.

This is a great option for key person life insurance, where the original key employee leaves the company.

Second, the percentage of companies offering two key employee benefits — bonus plans and profit sharing — continues to decline.

Also, if you can not pay key employees during the closure, you may lose them to the competition.

Certain key employees are being asked to relocate as well.

They hate the boss who won't pay to replace key employees who have left.

They may also be used by firms that are trying to attract key employees, prospect for new business, deal with suppliers or simply to understand how to manage their companies better.

Moreover, store owners and key employees get to know their regular clientele — establishing relationships that last for years.

That way, you can continue to pay key employee salaries as well as monthly expenses until you are once again able to resume normal business operations.

The grey ring in Figure 2 indicates key employee groups that have expertise in specific technology, policy, and cultural areas of focus.

I was really upset, and when one of the competitor's key employees said he'd like to get out and work for me, I hired him.

Likewise, it's designed to elicit what might make key employees want to leave.

And because key employees now know the budgets and review them regularly, we have organizational accountability.

By granting them financial flexibility, companies allow key employees to keep their focus on growing company value.

This is a great option for key person life insurance, where the original key employee leaves the company.

Individual life insurance policy purchased by the business owner on behalf of select key employees.

In a start - up company, the death of this single key employee will result in significant financial hardship, and in many cases business failure.

You buy term life online because you have a highly skilled key employee you can't afford to lose.

It is common for companies to own life insurance policies on their employees, especially key employees to the company to protect against the cost of replacing them if they were to die unexpectedly.

When you invest in corporate executive coaching, key employees stay committed and engaged.

The policy should also outline the review process and the roles and responsibilities of key employees for the adoption and implementation of any cloud services.

If your business is looking to fund a buy - sell agreement or providing executive benefits to help retain key employees, whole life insurance may be the most efficient option.

Employers often purchase life insurance policies on key employees to insure against the loss of services or income that might result after an employee's death.

Once the need for key employee life insurance has been established, there are a few questions that should be answered before you begin to shop for a policy.

Other key employees will benefit from coaching as well.

30 year term life insurance is also used for key employee life insurance.

Key executive life insurance also can serve as part of a benefit plan that's used to attract and reward key employees, since the policy can be transferred to the insured.

They can lose key employees, run into union or regulatory problems, and so on.

Every business has key employees who have to show up, whether that's machine operators or the pilots who fly your planes.

That way, you can continue to pay key employee salaries, as well as monthly expenses, until you can resume your normal business operations.

Their team helped us with key employee retention plans, capital planning, mitigating certain business risks, and has remained a true business advisor to our management group.