Summary
Workman White Business Strategies Partners Headquarters in Austin, TX. Business succession, employee retention, and long-term planning
Workman White Business Strategies Partners Headquarters in Austin, TX. Business succession, employee retention, and long-term planning
Workman White helps business owners retain key employees and develop personalized compensation strategies that align with business goals. They also assist with succession planning and business sales to ensure seamless transitions.
Employee Compensation
Great employees are hard to come by and even harder to keep. If you have some great people you want to secure for the long-term success of your business, call us for a free employee compensation consultation.
Types of Employee Compensation
Business Ownership Transfer
Many business owners come to us look for help with creating incentives for their employees. They have some fantastic or key employees that they would like to compensate differently or with ownership. We are seeing a growing trend in the number of transfers to key employees. Fewer and fewer children of business owners are taking over for the parents. We help you examine what it looks like to explore selling your business to a key employee(s). Not sure where to start? Contact us to set up a free business ownership transfer consultation.
Many times, an internal transfer is not ideal for the business owner because it carries many risks and idiosyncrasies. However, if you think this is an option for your company, let’s talk about it. Depending on the situation, we start with a small percentage, or we structure a full buyout. If a buyout or buy-in is not a good fit for your company, there are many other ways we can reward your key employees with executive benefits and compensation.
Executive Compensation
There is not a one-size-fits-all solution to employee compensation. We help you look at your overall program and overall goals to establish the best way to motivate and incentivize employees. Sometimes this might include stock, cash, be activated at sale, or another option.