Meeting Zoom Link: https://us02web.zoom.us/j/88316723157

Why You Should Attend:

Learn how to overcome challenges when attracting top talent and retaining them. Finding and keeping great human capital is one of the biggest challenges of the construction industry across the country and is especially acute here in the islands. Building strategies and becoming more consistent in recruitment, retaining, training, and protecting employees help.

Three Learning Objectives:

1) How to Attract and Retain Key Employees

There are rising expectations of rank-and-file employees, especially in the local construction industry.

• What are non-financial incentives?
• How can you create enough value to keep your key employees from jumping ship?
• Why do people stay?
• How can you keep your employees engaged?
• When the exit interview could have been avoided.
• Performance vs. Retention Benefits.
• What do emerging young executives want?
• State of Hawaii Mandatory Retirement Plan Update.

2) Bonus and Comp Structures

• How should annual salaries and bonuses be calculated for key employees?
• When should they be received?
• What is a bonus based on raising value vs revenue?
• Ownership thinking vs. your Confidentiality?
• What local resources can help you determine the average local salary?
• How do trends in pay transparency affect compensation?
• When is giving up shares a good idea? Phantom shares, Non-voting shares, and other compensations.
• Using a PEO, the good and the bad.

3) Protecting the Key Employee

• What else should be in your SOPs?
• Do you have the proper legal agreements set up to protect the company from a key employee leaving to go out on their own/ to a competitor?
• Are job descriptions written and updated?
• What is the top reason your key people leave a privately held local AEC firm? (HINT- it's not $).
• Protecting the employee and the business when they or a family member is sick or hurt.

Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. WestPac Wealth Partners LLC is not an affiliate or subsidiary of PAS or Guardian. Insurance products offered through WestPac Wealth Partners and Insurance Services, LLC, a DBA of WestPac Wealth Partners, LLC. CA Insurance License Number - 0H07043. | Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.   This promotional information is not approved or endorsed by the State of Hawaii. Neither Guardian nor its affiliates are associated with the State of Hawaii Mandatory Retirement Plan. | 2024-174453 Exp. 05/31/24.

Marko Mijuskovic MBA, MSIS, CExP™

Senior Partner/

Certified Exit Planner

WesPac Wealth Partners

Marko was born in Uzice, Serbia during the country’s economic downfall. Striving to create a better life for his family, he set off to attend The International Franco-American School of Management in Belgrade where he received a Bachelor’s in Business Administration in Marketing. 

Marko then moved to Oahu and graduated from Hawaii Pacific University receiving a Bachelor of Science in business administration, a master’s in business administration in marketing, as well as a master’s in science in information systems.

Marko joined forces with Nash Subotic in 2007 to create Wealth Strategy Partners, now called WestPac Wealth Partners.

Today, WestPac is one of the fastest-growing financial firms in the nation. What began as a small startup of four people has grown to over 250 employees and has expanded across the country. 

In 2014 Marko took his leadership in the business community further by obtaining his CExP™, making him one of the few financial advisors in the State of Hawaii to earn the Preeminent Designation for Certified Business Exit Planning through The Exit Planning Institute. For almost two decades Marko has been providing individuals and business owners with comprehensive, and innovative financial planning centered around perfecting the exit of their business.