What is a pre paid legal compensation plan?

Answer Prepaid legal plans work as a legal insurance to minimize the cost of protection for a group of policy holders who pay a monthly premium. As in other types of insurance, prepaid legal requires its ... Read More »

Top Q&A For: What is a pre paid legal compensation plan

What is a deferred compensation plan?

A deferred compensation plan is one in which a portion of an employee's income is withheld for payment at a later date, usually for the purpose of retirement investing. For example, New York City o... Read More »

How to Develop a Compensation Plan?

A compensation plan should be an incentive for the employee to fulfill company's goals. It should also benefit the employer. Therefore, a compensation plan is typically a win-win for all parties in... Read More »

How to Write a Compensation Plan?

If employees are a company's most important resource, then employee compensation is one of the most important expenses. It makes sense to pay employees well for quality work, because employee turno... Read More »

Definition of Deferred Compensation Plan?

A deferred compensation plan is an arrangement under which employees or owners agree to have income earned in one period paid at a later specified date, or deferred. There are two types of deferred... Read More »