Many business owners believe equity is the only incentive to attract and retain key executives. However, alternative compensation strategies can be more beneficial for both the company and its employees, particularly in the context of business transitions and potential exits. By focusing on profitability metrics and structuring long-term incentive plans, business owners can align employee goals with their own and protect their ownership and control.
Christopher Rhyme, a business transition expert with The Business Transition Group, helps business owners understand the nuances of executive compensation. Drawing on his background in law, investment banking, and wealth management, Chris specializes in designing non-qualified deferred compensation plans that provide executives with the financial benefits of ownership without the burdens.
Connect with Chris:
Website: https://thebusinesstransitiongroup.com
LinkedIn: https://www.linkedin.com/in/chris-rhyme/
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