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Ep. 060 - How to Avoid a "Turnover Tsunami" in Your Own Private Business - Michael Thompson, CExP of Thompson Planning Group - Webinar Recording
In this episode, taken from a recent live webinar session with Mike Thompson, we discuss the ways Private and Closely Held business owners can eradicate the fear of having their best employees and key group leave their company for another benefit or higher pay at a competitor. We discuss strategies that Fortune 50-5000 companies have been implementing for decades: reward/retention plans to make them feel heard and recognized, how they cost the employer cents on the dollar to create, and how to generate more revenue along the way.
In addition, it's important to recognize that highly compensated employees have an inherent reverse discrimination at hand with the standard group benefits you may be offering. We share ways to close the gap on those benefits and how Huskey Financial and Thompson Planning Group may offer some value for you, your business, and targeted employees you desire to keep around for a while, and especially during a transition, such as your exit!
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By Steven Huskey
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In this episode, taken from a recent live webinar session with Mike Thompson, we discuss the ways Private and Closely Held business owners can eradicate the fear of having their best employees and key group leave their company for another benefit or higher pay at a competitor. We discuss strategies that Fortune 50-5000 companies have been implementing for decades: reward/retention plans to make them feel heard and recognized, how they cost the employer cents on the dollar to create, and how to generate more revenue along the way.
In addition, it's important to recognize that highly compensated employees have an inherent reverse discrimination at hand with the standard group benefits you may be offering. We share ways to close the gap on those benefits and how Huskey Financial and Thompson Planning Group may offer some value for you, your business, and targeted employees you desire to keep around for a while, and especially during a transition, such as your exit!
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