Written by Jeffrey Waldron, JD, LLM of Architrave Partners, LLC
The noble goal of most business owners is to build an enterprise of enduring and transferable value. One of the most important components to building your enterprise is retaining and inspiring your key employees. There are likely a handful of employees that are so essential that their departure would have a significant negative impact on your business and could threaten your enterprise value. This article covers five benefits of implementing a Supplemental Compensation Plan for your key employees.