Recruit, Reward & Retain Top Performers
Strong leaders are a company's most valuable asset, but fast-changing markets and intense competition are forcing employers to compete feverishly for talented executives.
Today, many employers must provide executive benefit and performance-based incentive compensation programs just to retain and reward current top performers, let alone recruit new leaders needed to move the company forward.
Savage & Associates' Executive Compensation Group understands that companies need affordable, innovative ways to provide valued employees a tax-wise combination of salary, incentives, and supplemental benefits that satisfy their financial objectives and motivate them to achieve business goals.
We have extensive experience in custom-designed executive compensation and benefit plans to enhance and enrich traditional qualified programs. These concepts range from Supplemental Executive Retirement Plans (SERPS) to 401(k) excess plans, performance-based incentive arrangements, split dollar life insurance, severance and retention plans, and financing strategies.
Executives Prefer Non-qualified Retirement Plans
Many companies now offer employer-provided non-qualified retirement, savings, or deferred compensation plans. Many executives prefer these plans because they provide selective benefits to reward and retain key executives. These plans have little government regulation. They leave employers free to pick and choose whom the plan will benefit and how much they will receive, without incurring the costs of a qualified plan.
These Packages Are Important!
We structure benefit and compensation programs to meet specific business objectives such as motivating early retirement or discouraging top executives from competing with employers at termination. Plus, we seek out affordable funding vehicles that in some cases fully recover the cost of providing the benefit.
Executive Compensation Products and Services include:
Call 419-475-8665 or fill out our on-line request form for more information or to schedule an exploratory appointment with our experienced professionals at Savage & Associates.