There are multiple ways to recruit, retain and reward your key executives that can also be tied to the succession plan of your bank. One example is the implementation of an Employee Stock Ownership Plan (ESOP). An ESOP is an employee benefit plan that many banks and corporations use to retain their leadership team and… Read more »
How do banks attract young employees and retain key executives? David Fritz Jr. and Patrick Marget of Executive Benefits Network explain that bank compensation plans should appeal to multiple generations and outline how Bank-Owned Life Insurance (BOLI) can offset compensation costs. Challenges in Attracting & Retaining Employees Focusing on Long-Term Incentives BOLI’s Role in Compensation… Read more »
“The Faces of Milwaukee” Executive Benefits Network was featured in the August 2017 Edition of Milwaukee Magazine in “The Faces of Milwaukee” Section!
AALU Tax Reform Update The AALU recently released an update on the much-anticipated tax reform and how it impacts life insurance planning. President Trump wanted to have the tax reform completed by August, however, it has now been pushed back to the end of 2017. Health care reform continues to loom large as a hindrance… Read more »