Traditionally we think of the key assets of a business as the capital assets (such as the factory and equipment), or the operational assets (such as their inventory). But if youre any kind of firm where human capital is the key driver, the term key asset has a different meaning.
Advisors sometimes ask me what defines a key employee. Now that Charlie Sheen quotes are pass, its not enough to respond that a key employee is one who is winning. We need to offer more meat to the definition.
Seriously, less than a third of individuals own individual life insurance? Only a little more than half have life insurance from any source? This is financial madness.
Prognostication with taxes is always dangerous, but Id like to suggest four items businesses should consider in planning for taxes this yearparticularly as they apply to benefit planning.
We need a new name for the compensation paid to key talent in a business. Executive benefits is often equated with C-Suite perks in public companies, not with the incentives used in American businesses to encourage top performers to perform to their highest potential.
When Im asked to help with an employee benefit design, one of my first questions concerns the employers tax structure. Unfortunately, sometimes the response is, Who cares?
Given that hedge funds and hedging are so much in the news, I began to think about the ways a company can hedge its employee benefit costs.
DebugScreen: mobile
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{
"uri": "/2012/08/13/why-fringe-benefits/",
"title": "Why fringe benefits?",
"byline": "Steve Parrish",
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"prettyDate": "August 13, 2012",
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"summary": "In less than 1,000 words, here is my overview of fringe benefits: what they are, and why they are used.",
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},
{
"uri": "/2012/07/09/do-your-key-assets-go-home-at-night/",
"title": "Do your key assets go home at night?",
"byline": "Steve Parrish",
"kicker": "",
"prettyDate": "July 09, 2012",
"timeToRead": "4 minute",
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"authors": [
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"summary": "Traditionally we think of the key assets of a business as the capital assets (such as the factory and equipment), or the operational assets (such as their inventory). But if youre any kind of firm where human capital is the key driver, the term key asset has a different meaning.",
"body": null
},
{
"uri": "/2012/05/30/company-stock-benefit-or-burden/",
"title": "Company stock: Benefit or burden?",
"byline": "Steve Parrish",
"kicker": "",
"prettyDate": "May 30, 2012",
"timeToRead": "4 minute",
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"authors": [
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"kickerNode": [],
"summary": "What can be better than giving employees a benefit that doesnt cost anything? Plenty if that benefit is company stock.",
"body": null
},
{
"uri": "/2012/04/20/10-key-things-to-know-about-key-employees/",
"title": "10 key things to know about key employees",
"byline": "Steve Parrish",
"kicker": "",
"prettyDate": "April 20, 2012",
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"kickerNode": [],
"summary": "Advisors sometimes ask me what defines a key employee. Now that Charlie Sheen quotes are pass, its not enough to respond that a key employee is one who is winning. We need to offer more meat to the definition.",
"body": null
},
{
"uri": "/2012/03/15/dont-leave-work-without-this-benefit/",
"title": "Don’t leave work without this benefit",
"byline": "Steve Parrish",
"kicker": "",
"prettyDate": "March 15, 2012",
"timeToRead": "3 minute",
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},
"authors": [
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],
"kickerNode": [],
"summary": "Seriously, less than a third of individuals own individual life insurance? Only a little more than half have life insurance from any source? This is financial madness.",
"body": null
},
{
"uri": "/2012/02/06/4-items-to-consider-regarding-taxes-in-benefit-pla/",
"title": "4 items to consider regarding taxes in benefit planning",
"byline": "Steve Parrish",
"kicker": "",
"prettyDate": "February 06, 2012",
"timeToRead": "4 minute",
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},
"authors": [
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"summary": "Prognostication with taxes is always dangerous, but Id like to suggest four items businesses should consider in planning for taxes this yearparticularly as they apply to benefit planning.",
"body": null
},
{
"uri": "/2011/12/09/benefits-tax-opportunity-deduct-now-pay-later/",
"title": "Benefits tax opportunity: deduct now, pay later",
"byline": "Steve Parrish",
"kicker": "",
"prettyDate": "December 09, 2011",
"timeToRead": "4 minute",
"image": {
"uri": "",
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},
"authors": [
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],
"kickerNode": [],
"summary": "A November revenue ruling offers an interesting opportunity for employers to do some beneficial year-end tax planning.",
"body": null
},
{
"uri": "/2011/11/22/taxing-our-patience-time-to-separate-executive-pay/",
"title": "Taxing our patience: Time to separate executive pay from talent retention",
"byline": "Steve Parrish",
"kicker": "",
"prettyDate": "November 22, 2011",
"timeToRead": "4 minute",
"image": {
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},
"authors": [
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"kickerNode": [],
"summary": "We need a new name for the compensation paid to key talent in a business. Executive benefits is often equated with C-Suite perks in public companies, not with the incentives used in American businesses to encourage top performers to perform to their highest potential.",
"body": null
},
{
"uri": "/2011/10/25/who-cares-about-taxes-the-employer-does/",
"title": "Who cares about taxes? The employer does",
"byline": "Steve Parrish",
"kicker": "",
"prettyDate": "October 25, 2011",
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"authors": [
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"summary": "When Im asked to help with an employee benefit design, one of my first questions concerns the employers tax structure. Unfortunately, sometimes the response is, Who cares?",
"body": null
},
{
"uri": "/2011/09/09/hedging-benefit-plan-costs/",
"title": "Hedging benefit plan costs",
"byline": "Steve Parrish",
"kicker": "",
"prettyDate": "September 09, 2011",
"timeToRead": "5 minute",
"image": {
"uri": "",
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},
"authors": [
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"summary": "Given that hedge funds and hedging are so much in the news, I began to think about the ways a company can hedge its employee benefit costs.",
"body": null
}
]
}
}
