
Round Table | Dual Executive Reward Plan: Use Infinite Banking to Attract & Keep Top Talent
The Wealth Without Wall Street Podcast
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Navigating Employee Turnover and Retention Strategies
This chapter examines the profound effects of employee turnover on businesses, focusing on the variable costs associated with replacing employees at different levels. It critiques traditional compensation methods and benefits like 401(k) plans, introducing a dual executive reward plan as a more effective strategy for attracting and retaining top talent. The discussion also emphasizes the importance of fostering an environment that aligns with the intrinsic values of high-performing employees to maintain organizational success.
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