Recognize and Reward

Instituting Benefit Programs for Valued Employees

by Nash Subotic To attract and retain skilled employees, small businesses can use a variety of rewards and incentives, including bonuses, 401(k) plans and benefit programs made especially for top tier executives. THE FOLLOWING ARE 4 TYPES OF EXECUTIVE BENEFIT PROGRAMS: Executive Bonus Arrangements This is one of the simplest executive benefits: The company pays the execu- tive a bonus as taxable income, and the expense is deductible. The bonus is used to pay premiums on a permanent life insurance policy with cash value. The executive owns the policy and its cash value; he or she may name or change the beneficiary or use the cash value of the policy for any purpose, including a personal retirement fund. Click here to read the complete article

This entry was posted on Tuesday, January 12th, 2010 at 10:08 pm and is filed under Archives - Jan-Mar 2010. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.