A key challenge for successful business owners is compensating employees effec-tively to achieve company goals. To attract and retain high-performing employees, more than basic salary, benefits and vacation needs to be offered. To motivate em-ployees, incentive compensation can be used to create an environment in which excellent performance is rewarded. A Small Business Guide to Incentive, Deferred Compensation & Retirement Plans, as the only up-to-date book on the subject written for small business owners, will prove to be a valuable and widely used resource in the quest to find and im-plement profit sharing or equity-based incentive compensation (qualified versus non-qualified plans) as well as the vast array of deferred compensation and pension plans including: 401k, Simplified Employee pensions, ESOP, etc.
Book Details:
- Author: Jean D. Sifleet
- ISBN: 9780470351475
- Year Published: 2004
- Pages: 272
- BISAC: BUS025000, BUSINESS & ECONOMICS/Entrepreneurship
About the Book and Topic:
A key challenge for successful business owners is compensating employees effec-tively to achieve company goals. To attract and retain high-performing employees, more than basic salary, benefits and vacation needs to be offered. To motivate em-ployees, incentive compensation can be used to create an environment in which excellent performance is rewarded. A Small Business Guide to Incentive, Deferred Compensation & Retirement Plans, as the only up-to-date book on the subject written for small business owners, will prove to be a valuable and widely used resource in the quest to find and im-plement profit sharing or equity-based incentive compensation (qualified versus non-qualified plans) as well as the vast array of deferred compensation and pension plans including: 401k, Simplified Employee pensions, ESOP, etc.
FAVORABLE STATISTICS: At present there are more than 26,000,000 small businesses in the U.S with under 100 employees 401(k)s ATTRACTIVE: The 2001 Tax Reconciliation Act has made 401(k)s more attractive to small business owners. This allows the employer to offer a retirement plan to employees that is actually funded by the employees. WILEY REPUTATION: Wiley has an excellent reputation in Small Business titles including top-sellers such as Starting on a Shoestring and The Complete Will Kit
About the Author
JEAN SIFLEET, is a Business Attorney, JD Boston University, CPA and 3-time entrepreneur, who has authored numerous business articles in such publications as INC Magazine. With her extensive experience in business, her approach to writing is to help readers be smart, fast about the issues and options. She is principal of Smart Fast Consulting. Her firm advises small business owners on how to avoid legal pitfalls along the path to business success. Residence: Clinton, MA