Shore Up Executive Benefits to Recruit -- and Keep -- Leaders

"Enhancing executive benefits can provide a huge advantage at a nominal cost," says new Lockton report

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Feb 22, 2012, 11:00 ET

DENVER, Feb. 22, 2012 /PRNewswire/ -- Arguably, steering the ship is the most important job on the boat. That's why hiring and keeping a talented captain is paramount to the future success of the entire crew. If this analogy sounds anything like your company – that having strong, talented leaders at the helm keeps your organization on course even during times of economic uncertainty, then add Executive Benefits as a Strategic Advantage from Lockton Benefit Group to your reading list.

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This straight-forward approach to helping your company recruit, motivate, reward, and retain top executive talent was written by four of Lockton's Executive Benefits experts. "You might think that it's easy to hang onto a high-performing executive in this time of economic unease," said author Jason Maples, Executive Vice President at Lockton. "But what we are really seeing is that companies have to have a solid strategy in place, or executives could start looking for alternative employment."

Citing two primary reasons that Executive Benefits are used to recruit, motivate, reward, and retain key leadership, the paper then reveals five simple steps for building a competitive Executive Benefits plan. One of those steps is to consider "key person" insurance. Providing funds back to the business and/or its investors once paid, key person insurance will help a company stay afloat as remaining employees work to recover the loss of that one key employee. "We wanted to provide readers with options; even if they implement two or three of the five steps we listed in the paper," said Maples, "they will have a much better chance of recruiting, then retaining, the executives they need to keep their businesses running strong."

Maples collaborated with three other Lockton Benefit Group experts to write Executive Benefits as a Strategic Advantage. His co-authors include: Producer Jennifer Margenau, Producer Frank Arcara, and Producer Ron Lottridge.

About Lockton

More than 4,100 professionals at Lockton provide more than 15,000 clients around the world with insurance, benefits, and risk management services, offering an uncommon level of client service. From its founding in 1966 in Kansas City, Missouri, Lockton has grown to become the largest privately held insurance broker in the world and 9th largest overall. Independent researcher Greenwich Associates awarded Lockton its 2011 Service Excellence Award for risk management for large companies. For three consecutive years, Business Insurance has recognized Lockton as a "Best Place to Work in Insurance."

Securities may be offered through registered representatives of Lockton Financial Advisors, LLC, (LFA), a registered broker-dealer, member FINRA and SIPC. Investment advisory services may be offered through investment advisor representatives of Lockton Investment Advisors, LLC, (LIA), a federally registered investment adviser. Securities and investment advisory services may also be offered through representatives of NFP Securities, Inc. (NFPSI) a broker/dealer, member FINRA/SIPC and federally registered investment adviser. Not all members of Lockton, Inc. offer securities or investment advisory services. Lockton, Inc. is the parent company of LFA and LIA. Lockton, Inc. and its subsidiaries are not affiliated with NFPSI. For California, Lockton Financial Advisors, LLC, d.b.a Lockton Insurance Services, LLC, license number 0G13569.

SOURCE Lockton