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Article: 'Golden handcuffs' increasingly popular option for employers: designed to keep employees loyal, diverse programs benefit all. (Focus Insurance & Employee Benefits).(Brief Article)
- Article from:
- The Mississippi Business Journal
- Article date:
- May 20, 2002
- Author:
CopyrightCOPYRIGHT 2002 Dolan Media Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Many employers facing a manpower and skills shortage are opting for "golden handcuffs."
It's a win-win compromise for employers and employees, where incentives over and above the typical perks are offered, especially to key personnel, to maintain a happy and loyal workforce. Insurance agents reap the rewards of marketing a target audience with an employer's blessing and earning commissions on products sold through the company.
"The term 'golden handcuffs' almost connotates employers locking in employees when it actually provides a significant benefit for them," said Pat Vivier, CLU, CHFC, AEP, and owner of Pat Vivier Financial Group in Jackson.
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