Succession planning can pose many different challenges. Today our panelists will discuss figuring out how the next generation comes up with the proceeds to buy out the leading gen sellers. A cash balance plan can help solve that problem by contributing business revenue to pre-tax cash balance accounts, most of which benefit the leading gen, but to some extent benefiting other employees, too. The liability reduces the value of the business and thus cash and loan proceeds buyers need to come up with. The sellers, while receiving a lower purchase price, make up for that by receiving payments from their cash balance accounts, which also could be rolled over to an IRA. In that way, the cash balance plan benefits the buyers and sellers. We will discuss in more detail how this strategy works and which companies would be good candidates for this strategy. ... read more

Validating data sources, using data & technology to your advantage, incorporating multiple sources, and adapting to your organization’s compensation strategy are just a few of the challenges facing companies. Add to that, candidates, employees, managers, job boards, and leaders adjusting to new pay transparency expectations and regulations, and you find compensation rising up the ladder of importance in most businesses. Join Jim Morgan, Vice President, Business Development & Workforce Strategies at MRA as he reviews MRA’s 2023 Compensation Trends survey results. Jim will share the top comp trends that will help you attract & retain the high-quality talent you need, while navigating the complex compensation environment today. ... read more

Regardless of the economic outlook, how can you position your company to grow? If applicable, learn from the last recession. What worked/didn?t work for your business? Look for opportunities Incorporate Scenario Planning and be mindful of your customer mix Communicate with your stakeholders Regardless of the economic outlook, how can you position your company to grow? If applicable, learn from the last recession. What worked or didn't work for your business? * Look for opportunities * Incorporate Scenario Planning and be mindful of your customer mix * Communicate with your stakeholders * Come hear how these family business leaders remained successful during recessions and other economic downturns. Panelists: Dan Erb, Jones Metal Products Sanjay Patel, A-1 Nursing Care Kathy Warnick, Warnick Consultants Facilitated by Tim Martin, JACO Advisory Group ... read more