Angela Hooper-Menifield "The People Side of Business" IBGR.Network - PROFIT Radio. Everything a business owner needs to start, grow or exit a business. Grow With Us. Introduction When business owners begin to compete for the best talent for their business, they have to approach salary and compensation with considerations that include being both prudent and competitive while ensuring talent ‘feels’ valued. This thinking must not only be comparable with competitors in their industry but also align within the organization. Today’s show will discuss how business owners can create compensation for their teams and organizations in a manner that is fair and equitable both inside and outside the organization and demonstrates value for the characteristics and results desired. Show Objectives How to Define Your Organizational Pay Strategy Evaluating the various pay strategies (Lag, Match or Lead) Understanding the various types of internal compensation Key Issues
What You Need to Do
Shows Previous: Episode P4.09.3 Rewarding the Collective for the Success of the Individuals Next: Episode P4.11.3 Delegation: Knowing the When, Who & Why Written by Angela Hooper-Menifield “The People Side of Business” Podcast - https://pod.co/the-people-side-of-business-with-angela-hooper-menifield Instagram - www.instagram.com/Menifield_Assoc Facebook - www.facebook.com/MenifieldandAssociates YouTube - Menifield & Associates, LLC Twitter - www.twitter.com/Menifield_Assoc LinkedIn - https://www.linkedin.com/in/angelahoopermenifield/ Supervisor Journal - The New Supervisor 30 Day Growth. Journal Order via Amazon - The New Supervisor 30 Day Growth Journal P2.10.3NA
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