Your compensation structure can play a critical role in retaining key people and attracting top quality talent. We can help you with compensation design, retirement planning, and key person insurance.

Compensation Design

Supplementary benefit packages are often used by employers as a means of attracting and retaining executives and other key employees. Compensation design can include supplementary benefits in addition to earnings, bonuses and stock options. This could translate into additional life insurance, individual disability coverage, critical illness insurance, executive medicals and/or an enhanced benefits package.

Retirement Planning

Ensuring your executives have a solid, rewarding retirement plan is another way to keep your key people motivated and happy. There are a number of alternatives available to help your executives feel confident, secure and well prepared for their retirement years. Our retirement planning solutions include:

• Retirement funding such as enhanced retirement plans
• Retirement Compensation Arrangement (RCA) to accommodate statutory limits on registered pension plans
• Individual Pension Plan (IPP) to compensate for RRSP limitations for high-income earners

Key Person Insurance

Every business has key people who are critical to its functioning. It's difficult to think about what would happen to the business if something happened to them, or you. In the event of the death or disability of a business owner or a key executive, this insurance provides immediate funds for a business to meet short-term cash needs and to secure a replacement.

For the executive or key person, this insurance can be an attractive incentive as it offers added security and protection for their family.

We help businesses determine their requirements, and develop a plan that best addresses their objectives for both working capital and recruitment.

Contact us to find out how we can help you retain and attract the talent you need.