E10: Designing a Long-Term Incentive Plan to Retain Your Top Talent

Simon Sinek put it best in “Start with Why: How Great Leaders Inspire Everyone to Action” where he wrote, “Happy employees ensure happy customers. And happy customers ensure happy shareholders—in that order.” The idea here is that if your employees aren’t happy and don’t feel like they’re “winning” with your company, everyone loses—your customers, your company and, ultimately, you. One tool that smart companies use to help ensure happy employees—specifically, the senior leadership team who are absolutely critical to the organization’s long-term success—is a non-qualified deferred compensation (NQDC) plan. In this episode, we drill deeper into one of the more popular types of NQDC plans: the long-term incentive plan (or LTIP). So, what exactly are long-term incentive plans? Who is eligible to participate? How should you structure your LTIP? How do you fund it? And what are the keys to successful LTIP administration and communication? Legacy’s chief investment officer, Marc Walker, joined me for Episode 10 of The 3 Wins Podcast to discuss these questions and more. Featured in this episode: Russ Clemmer, President, Legacy Advisory Partners Marc Walker, Chief Investment Officer, Legacy Advisory Partners To learn more about how to apply The 3 Wins Framework in your business, download our FREE whitepaper, “The 3 Wins: How to Unleash the Collaboration Effect on Profits in Your Company” here: https://www.legacyadvisorypartners.com/the3wins. The 3 Wins Podcast is presented by Legacy Advisory Partners. https://www.legacyadvisorypartners.com/ The Great 8: A New Paradigm for Leadership, by J. David Harper, Jr. https://www.legacyadvisorypartners.com/news/the-great-8-a-new-paradigm-for-leadership.html Disclaimer: Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge and Legacy Advisory Partners are not affiliated. Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Cambridge Investment Research, Inc., a registered Broker/ Dealer, Member FINRA/SIPC.