Structuring Effective Bonus Plans for Key Employees

What’s the true cost of employee turnover, and how can business owners reduce it? In today's conversation, the financial coaches dive into employee retention strategies, focusing on how A-players drive business success. They reveal how traditional methods like 401(k)s often fall short in keeping top talent engaged, and introduce the dual executive reward plan as a game-changing tool for fostering loyalty and growth.

By using the dual executive reward plan, business owners can create a system that rewards top employees and helps secure long-term retention without relying on expensive traditional retirement plans. They discuss how this strategy aligns with infinite banking to create more sustainable cash flow while ensuring that your best talent remains committed to your business.

If you're ready to learn more about employee retention and growth strategies, this conversation will give you the answer.

Top three things you will learn:

-The true cost of employee turnover

-Attracting and retaining A-Players

-The power of dual executive reward plans

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

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