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Key Personnel Planning

Incentivize and Retain Your Most Valuable Asset

Losing a valuable employee is always a risk. From your ownership team to executives to individuals who singularly own or understand specific processes, key personnel planning provides your most valuable asset – your key people – with added incentive to stay for the long-term. 

Key personnel planning pairs your vital team members with the resources they need or want – extending beyond the workplace. This can be as simple as required paid time off, free sessions with a financial advisor, incentives with a vesting schedule and more.

Maybe they are the primary caretaker for a terminally ill family member. Maybe they don’t feel like they can take a vacation because they are uniquely valued at the company. Maybe they are having financial stresses at home that affects their mental wellness.

By implementing a key personnel planning program, your able to help your people manage some of the biggest stressors in their life away from the workplace. 

Key Personnel Planning Process

Input: We meet with the owner and key decision makers to discover your needs and gather information on what you’re currently doing.

Connect: You connect your key personnel – typically four to five executives or directors – with our Wealth Strategies team.

Meet: We meet with each individual and their spouse to develop a personalized financial plan based on their situation.

Inform: You receive insights on how to enhance your key personnel plan and your key contributors receive an executive financial plan.

Implement: We help you get the plan in place, including executive compensation modeling, group benefits planning or ongoing financial advice.

Why Consider Key Personnel Planning?

Retention

Employee Retention

Keeping your key people engaged and addressing their concerns is vital to the future of your company. Incentive compensation plans, personal financial and retirement planning, and added benefits can help keep your strongest performers and executive team committed and driven.   

financialwellness

Financial Wellness

Our personal lives drive our work lives in many situations. Providing your key contributors with a personal financial advisor can help them pursue personal goals outside of work, help them reduce financial stressors, and help them (and your business) plan their exit strategy and retirement. 

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Added Insights for You

When you connect your key people with a wealth advisor, you can learn what benefits would make the most impact for that group. For example, if we act as a financial coach for five members of an executive team, we can help you understand that burnout is a common theme, and a sabbatical or required PTO program could help alleviate the risk.

Latest Insights

Plan Around Your Key People Today

Employee retention starts with understanding your key people and their needs. We can help.