Angela Hooper-Menifield "The People Side of Business"
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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.
How to Define Your Organizational Pay Strategy
Evaluating the various pay strategies (Lag, Match or Lead)
Understanding the various types of internal compensation
What You Need to Do
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”
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