http://www.oamps.com.au/keypersoncalc
What’s your business partner’s worth?
There are a range of products on the market that can mitigate the risks a business may face. These protect future income streams and the sustainability of the business. In response to these challenges, OAMPS Financial Management, a Wesfarmers Company, have developed a tool for businesses to calculate the value of their ‘key people'.
An example of what an individual may be worth to a company:
To work out who in your business is a ‘key person’, ask yourself whether their skills and knowledge provide a large economic contribution to the business.
For example:
The head designer of a fashion company who has a strong retail presence and innovative ideas, but less influence on sales, earning a salary of $200,000 per annum, could cost as much as $4.5 million for the company to replace.
