We will analyze your Producer and/or Employee compensation programs and compensation levels based on your particular financial and cashflow condition. We can design a revised compensation program either on a Merit Basis or using our Incentive Compensation Program that links compensation to productivity for every employee in the agency. We have Producer Compensation Plans available that manage and compensate salespeople in accordance with their production for the agency.
Related PIPELINE articles:
- ANOTHER LOOK AT COMPENSATING PRODUCERS WITH A SELF-TERMINATING CONTRACT
- Combining Incentive Compensation
- Compensating Owners
- Employee Motivation Programs
- Evaluations and Compensation
- HOW DO YOU PAY YOUR PEOPLE AND STILL KEEP A PROFIT IN THE AGENCY?
- HOW DO YOU PROMOTE GROWTH AND PRODUCTIVITY IN YOUR AGENCY IF YOU PAY FOR ACCOUNT MAINTENANCE AND PERSONNEL LONGEVITY?-
- HOW MUCH IS AN AGENCY OWNER WORTH – HOW MUCH DID YOU PAY YOURSELF
- INSURANCE AGENCY – PRODUCTIVITY FACTORS ARE YOU GENERATING MORE REVENUE OR ARE YOU MAKING MORE MONEY?
- INSURANCE AGENCY – PRODUCTIVITY FACTORS ARE YOU GENERATING MORE REVENUE OR ARE YOU MAKING MORE MONEY?
- Owners Compensation
- OWNERS’ COMPENSATION
- PAYING BONUSES VS SALARY INCREASES
- PERFORMANCE EVALUATIONS
- SHOULD BONUSES BE CONSIDERED IN VALUING INSURANCE AGENCIES
- WHAT HAPPENS WHEN A PRODUCER LEAVES AN AGENCY AND TAKES AGENCY BUSINESS
- WHY DO YOU NEED A CONTINGENCY BUY/SELL AGREEMENT AND A SUCCESSION PLAN