Episode D4.010 (Prime) Compensation is Fair

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 Introduction
 I am Arthie Moore from Celebrating Humanity International and  Ki Leadership Institute. With over 23 years of experience as an Entrepreneur and Business Owner.
When I look at the industries right now, battling against the Control warfare being waged across entire nations and the Global impact it has on our lives, I realise the common denominator here that will effectively bring balance to the business world again – and that is compensation. So yes, of course it is fair!

We all wish to be acknowledged for the work we do, our skills, expertise, wisdom and experience.  Yet, there seems to be an imbalance playing a role when it comes to be paid for your worth vs a salary pre-determined by current trends and industry policies that have not been updated to the needs of an ever changing business environment.

​Show Objectives - The Why
I believe that in order to change the dynamics within any industry right now, we need to address the first human need that is prevalent in the minds of any employee, business transaction, joint venture and relationship – Money!
So how do we truly, meaningfully adjust this? Who is responsible and how do they bring in the funds needed for these compensation needs of the masses? Simple…adjust your business strategy!

Key Issues - Owner Perspective

1. develop pay bands - based on the local market what is the minimum, average, and maximum paid for the position, 
2. Evaluate where in the bad is each employee, 
3. develop  plan to bring everybody to comparative levels - slightly below average, 
4. Determine how much of each salary/wage you want to make variable,
5. develop a pay4performance plan

 
What You Need to Know - The What
When we address this area, we need to delve into the depths of business understanding, innovation, inclusive leadership and the need for Quality Leadership.

What You Need to Do - The How

1. Implementation of Skills development, soft skills, Solution focussed strategy plans, African Principles of leadership and so much more.
2. Challenging mindsets and creating a fair exchange where compensation meets upgraded, upskilled, self motivated individuals who earned the right to receive the compensation they deserve.
3. Accountability, responsibility and Performance related plans.
4. Create systems that truly guage performance based on output, innovative thinking and results.
5. Gender neutral payment structures that talk into skills, experience, qualifications and expectations met.
6. Soft skills and Hard skills development for all employees to succeed. So that they earn their reward vs expectation. 

Shows
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Written by Arthie Moore

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