Category : Retention

When Stay Bonuses Should be Used

Senior executives need to understand when the use of stay bonuses is appropriate. It is not necessary to offer every employee a stay bonus, because there are many employees who the company can afford to lose without suffering any hardship. The only employees who should be offered a stay bonus are those that are necessary […]

Payback of Retention Bonuses

If you are offered a signing bonus, you should be aware that it likely comes with the requirement that you pay it back if you leave the company within a specified amount of time. When you are first starting a job, agreeing to stay for two or so years probably doesn’t seem like a big […]

Tips for Retaining Key Employees

The retention of key employees is one of the most critical steps in mergers and acquisitions. As soon as an employee hears about the transition, he/she begins to worry about what will happen with his/her job. Will the employee have a position with the new entity? What will the new policies and procedures be? If […]

How to Retain Key Employees when Selling a Business

If you are trying to sell your company because it is struggling to be successful, but it also has significant value, whether to offer retention contracts to key employees can be a difficult decision. Most buyers want your top performers to come as part of the deal and, once the deal has closed, the new […]

The Important Role Retention Bonuses Play in Merger & Acquisitions

When a company is considering a merger or acquisition, business continuity is a primary concern. As a result, retaining top performers and key employees is essential. The use of retention contracts and bonuses are becoming the primary way companies are guaranteeing this type of protection during the transition. The amount of a stay bonus can […]

Assessing & Negotiating Your Retention Bonus Offer

Changing jobs every few years is not frowned upon like it used to be. As a result, businesses are finding ways to incentivize their key employees to stay with their company. One of the most effective methods is to offer top performers a retention bonus. A retention is simply a payment made to the employee […]

Executive Employment Agreements – Part 1

If you are a key executive employee, your employment contract sets forth the obligations and responsibilities between you and your employer. In other words, what each party agree to do (or not do) for each other. This contract also sets forth your executive compensation package, including benefits, equity and any severance payments. Other provisions commonly […]

What Should You Seek in Your Retention Contract?

If you are a CEO, CFO or some other key executive interested in negotiating a retention agreement with your employer, it is important to know what terms are the most important. The first place to start is to review your original employment agreement. When you initially took the job, you were most likely not in […]

When are Retention Agreements Used?

In the business world today, it is common for executives to change jobs frequently. Whether it is due to a better opportunity, or as a result of their company being bought or merged, your business should be prepared on how to deal with this type of transition. Most companies ask their executives to sign a […]

Tips for Increasing Employee Retention -Part 2

Hopefully you have read our previous blog titled “Tips for Increasing Employee Retention – Part 1” discussing the costs related to employee turnover and was to prevent it. This blog will continue the discussion of ways an employer can retain his/her employees. Many supervisors make the mistake of thinking that an improvement in the turnover […]