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financial literacy
Most, if not all, companies recognize the need to attract, retain and reward key employees with financial literacy. People are the lifeblood of business. To ensure access to top talent, these companies design sophisticated compensation and benefits programs for the executive suite and other highly compensated employees. 79 percent of employees cited a competitive benefits...
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Teaching employees their benefits
According to the 2017 Prudential/PlanSponsor Executive Benefits Survey, the overall rate of companies offering nonqualified deferred compensation plans (NQDCPs) increased to 85 percent in 2017 from a survey low of 77.2 percent in 2015. And why should you care? NQDCPs represent an extremely attractive tax-deferral vehicle to help highly compensated employees save for retirement or...
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