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Wealth Control Advisors, LLC
60 William Street, Suite 200
Wellesley, MA 02481
781-235-8891 MA telephone
781-235-8890 private fax
866-235-8991 outside Mass.
10781 Waterford Place
West Palm Beach, FL 33412
561-691-1380 FL telephone
info@wealthcontrol.com
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Employee & Executive Compensation
As your company grows, so do the challenges of its financial management. We work with businesses all over the country, helping them develop Employee Compensation, and Executive Compensation plans so to let your employees focus on increasing profits. Wealth Control Advisors, LLC, located just outside of Boston, Massachusetts and in West Palm Beach, Florida, works with you to evaluate your company’s Incentive Plan and/or develop a Benefits Bonus Plan. For more information, contact us online or call us at 781-235-8891 our Wellesley, MA office or 561-691-1380 our West Palm Beach, FL office.
In Today’s very competitive business environment, the owners, and managers, of small and mid-size businesses face the issue of attracting, rewarding, and retaining key employees is a major challenge to them. Key employees are those who are:
- In High Demand
- Difficult, if not impossible to replace
- Visible to your competitors
- Contributing significantly to your bottom line
They may be your top executives, or they may be the line employee who truly knows how to keep all of your machines running so that you can continue to produce your products for your company.
The dilemmas are:
- How do you reward these hard working employees that may have a greater benefit to their families than a one-time bonus check?
- Would losing these key employees cause a loss of revenues or an increase in expenses to the employer?
- Key Customers to change alliances and leave for competitors, threatening company growth plans, or create problems if you are contemplating the sale of the business?
- Threaten company growth plans?
- Problems if you are contemplating, selling the business?
Companies whose future is dependent on retaining specific people have successfully benefited by incorporating the Incentive Program in their yearly planning.
Strategic Compensation Solutions for Critical Personnel
Most employee benefit plans discriminate against senior management and highly compensated employees. Consideration should be given to evaluating the employer's desire to provide essential personnel (profit generators) with appropriate benefits to eliminate dangers and "gaps" created by this legal discrimination. Often, we can design strategic solutions for a specific category of employees as tax-deductible business expenses, improving your business's ability to attract and retain profit-generating personnel.
Additionally, we also design strategic solutions for tax-deductible compensation of executives and other profit generators to help employers attract and retain top-performing individuals.
Learn more about our Tailored Services, or see Case Study 6: Midsized Company Benefit Plans for an example of our work.
To learn more about our comprehensive business services, call us at 781-235-8891 or contact us online.
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