Key Employee

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Key Employee

A very important employee. A key employee may have contacts highly beneficial to the company, may work hard and generate more revenue than any other employee, or may have some other skill that would be difficult or impossible to replicate in another employee. Often, but not always, a key employee is a manager. A company may purchase key person insurance to protect itself against the possibility that an employee may unexpectedly die or become unable to work, which would deprive the company of his/her skills.
References in periodicals archive ?
Other winners were: Best Retail Business: Alice Blackie, Pink Boutique, Newcastle Best Creative Business: Georgie Cameron, Admiral PR, Newcastle The Key Woman Award: Catherine Johns, Business Durham Best Use of Technology: Alice Blackie, Pink Boutique Ltd Best Woman in International Business: Jacqui Miller, Miller UK, Cramlington Best Small Business: Kate Dawson, The All-in-One Company, Ashington Best New Business: Eve Whitaker, The Eight, Newcastle Best Social Enterprise: Gill Walker, Patchwork People/ Labelled CIC, Darlington Young Entrepreneur of the Year: Leanne McHugh, Love Food Ltd, Newcastle Best Home Based Business: Carol Lewcock, Mrs L Cards, Whitley Bay One To Watch Award: Claire Carter, Collins Seafoods Ltd, Newton Aycliffe
This year's newly-introduced Key Woman of the Year Award, sponsored by Darlington Building Society, went to Paula Gascoigne for her Smile for Life Children's Charity, and Liz Prudhoe came top in the North East Social Enterprise Partnership-sponsored Best Social Enterprise category with her company, Adapt (North East).
This year also sees the launch of the new Key Woman of the Year Award, which gives any North East woman working within a business - not necessarily an entrepreneur - the chance to be recognised for playing a key role in the transformation, development or growth of a company.
She aims to build on her experiences to put forward a programme called the Key Woman Campaign, in conjunction with business support agencies in the North East.