Utilizing Incentive Compensation as an Alignment and Retention Tool
Tuesday, April 20th 2:30 pm - 4:30 pm
Speakers: Ken Hedlund and Howard Cox of Somerset CPA
Sponsored by our friends at Smith & Howard CPAs
In this session we will introduce a financial model to align the interests of all stakeholders (employees, financing partners, shareholders, etc.).
We accomplish this through balancing the need to;
1. generate an incentive pool that is motivating for your identified high performers,
2. create a target return on investment to shareholders and
3. protect the sustainability of the overall enterprise by recognizing the requirement for a strong balance sheet.
We also utilize deferred compensation within the overall incentive pool to supplement current cash incentives and create the desired “golden handcuffs” to promote key employee retention.