Ideas for Business Planning Around The Great Resignation
The employer offered benefits for top performers and leadership teams within an organization. With the great resignation, we see increased requests for these solutions to create golden handcuffs to retain top talent. Offer a benefit with a time commitment, usually 10yrs at least, to incentivize essential employees to stay with your company.
Concept: The employer bonuses top employees the premium into a cash value, overfunded permanent plan. This is a personal policy owned by the insured (employee), who can name their beneficiary.
Restrictive Executive Bonus Agreement: REBA