The Corporate Will Company
by Michael Sayer
As employers seek to recruit and retain the best talent for their business is there too much emphasis on the traditional pay package of salary and super? Has the employer wishing to recruit or retain the best team thought about what matters most to employees after the traditional income needs have been taken care of? How can they be seen as demonstrating a real desire and commitment to care for their employees and their families?
How can they walk the talk?
One answer is in providing for an employee’s long term financial security beyond the regular pay cheque; something that is typically overlooked until it is too late (89% of Australians insure their car but only 6% insure their incomes). An employer can make a difference by implementing insurance to fund long term income to an employee who cannot work as a result of an accident or injury preventing them from being able to work.
This protects the employer, who has at least a moral obligation to support a valued employee, and of course the employee.
And a true life example?
Briscoe Search and Consulting implemented such a plan. Not long after its implementation, a member of the team was seriously injured in a car accident. She was lucky to survive, given the circumstances.
The relief that the income security provided to her, to her family and to Brian Briscoe and his team is priceless. As Brian said “You cannot put a price on the peace of mind it provides, let alone the minimal emotional disruption to the team”.
Mike has also recently documented a more complete article for our website on the whole area of Estate Planning and Wealth Protection. Click here to read that article
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