Correct answer in the Retention Agreement effortlessly

Aug 6th, 2022
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How to Correct answer in the Retention Agreement

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so hello to everybody watching on youtube we are recording an interview im interviewing kristy stone today about the employee retention tax credit ertc or erc depending on who youre talking to we use all kinds of different language for it but the reason i wanted to do this ive done other videos so some of you have seen my other videos on this tax credit which is a coveted tax credit related to payroll and it is a fantastic one and it is something you can still get which were gonna talk about here in a minute but i wanted to get christy on here some of you may have heard of christy she is a preferred vendor of mine and i refer since i dont do service work myself directly one-to-one with people christy does so shell tell you a little bit about how you can get a hold of her at the end of this if you want her help specifically with your erc credit and claiming it um and well give you all that information at the end but i want to have christie on here because shes been working direc

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.
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Yes, employees can negotiate their retention bonus. In addition to negotiating the payoff amount of the retention bonus, employees should discuss the term of the agreement to ensure they are comfortable with the date of the payment and the expectation of what the employee will do during the retention bonus period.
Thank you very much for your offer. It has certainly given me a lot to consider as I decide where to take my career. I would be happy to accept if we could increase the current offer by X.
What Can I Negotiate In My Retention Agreement? Amount, timing and form of any bonus, commission or monetary amount. Whether your employer is requesting a release as part of the retention agreement. The length of time you must remain with the company. Confidentiality and non-disparagement terms.
Another common red flag in a retention agreement is the stipulation that the employees receipt of the bonus will be determined in the employers sole discretion. You do not want to put this type of power in your employers hands.
Typical retention bonuses can be anywhere from 10% to 25% of the base salary, depending on the industry. Your employer might also choose to pay a flat rate, such as $5000. A retention bonus is commonly paid as a lump sum amount, but some employers may break it down to ensure their benefits in case youre dismissed.
Even though the company typically sets forth the retention offer, it is perfectly acceptable for you to negotiate the terms. You may want to ask for a shorter retention period or more money. Your attorney can help you decide what terms should be negotiated and how to approach your employer with your requests.
In conclusion, retention bonus agreements are a great way to keep key employees on board during difficult times. They can also be used to incentivize employees to stay with a company during a period of transition or change.
Use the list below for help with your salary negotiations and to understand your stay bonus plan. Request a copy of the contract to review. Pay close attention to the language used. Take your time. Consider declining. Request a meeting. Propose adjusting the time period. Contemplate asking for a raise instead.

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