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EP5 - Mutiny on the Bounty - Communicating Positively With Key Employees Along Your Journey to An ESOP.

Journey to an ESOP & Beyond

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Key Employee Compensation and Succession Planning in ESOP Transition

The chapter discusses the importance of establishing compensation plans for key employees before initiating conversations about the ESOP. It delves into concerns key employees might have regarding changes in responsibilities and compensation post-ESOP transition. Emphasizing communication and planning, it highlights the significance of involving key personnel in succession planning for the company's future and the challenges that come with identifying the right fit.

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