Fast Forward - MR31/26 - Beyond Salary: Building Wealth to Retain Talent

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Many business owners eventually face a familiar challenge. How do you retain and support key team members, especially when increasing salaries alone may not be enough? In this discussion, we explore a different approach to compensation, one that goes beyond income and focuses on building long-term wealth for your key people. We share what we did at Verity. Instead of adding a raise to salary, the increase went from the business straight into whole life policies that each team member owns and controls. Before starting, we read Nelson Nash's book together as a team. The result is value, not just income, and a team more invested in the business. Some even chose to add their own money on top.