By Stewart Koesten Did you know that the actual value of a bonus, in the form of a fringe benefit, is reduced when an employee is required to pay income taxes on it? Because of taxation, many companies pay the fringe benefit (the bonus), plus additional funds to pay...
By Jamie Bosse Have you ever heard the phrase, “If you don’t have an umbrella, it will be sure to rain”? Many Americans currently have no cash reserves to pay for unexpected expenses or a proverbial “rainy day.” According to the Atlantic, 47 percent of Americans...
By Patrick Amey Many companies offer employees a buyout package to encourage them to leave the company. This is generally done to encourage voluntary departures when the organization is looking to reduce headcount. These offers can cover employees across all levels...
By Jamie Bosse Many executives and high performing employees earn a large chunk of their income through bonus payouts or other forms of “extra” compensation like restricted stock units or performance awards. Sometimes this “extra” compensation amounts to more than...
By Joni Lindquist What are golden handcuffs? The term “golden handcuffs” does not refer to one specific method of retaining key employees. Rather, it refers to a combination of any of a number of different rewards and penalties given to key employees to...
