International Business Growth Radio Network
  • HOME
    • YOU >
      • Grow with Us
      • Themes
      • FAQ
    • US >
      • North American Partners >
        • North American Hosts
        • North American Directory
      • Australasia Partners >
        • Australasia Hosts
        • Australasia Directory
      • South Asia Partners >
        • South Asia Hosts
        • South Asia Directory
      • Prime Meridian Partners >
        • Prime Hosts
        • Prime Directory
      • Exec Team
    • LISTEN NOW >
      • OnAir TODAY
      • Show Notes
      • Podcasts
  • News
  • Blog
  • NETWORK
    • Agilerad.io
    • Sponsor Network
    • Special Preferences
    • Privacy
  • NOTES
  • Community
  • APP
  • SHOP

show notes

Stages of Development

Episode D4.010 (Prime) Compensation is Fair

17/9/2020

0 Comments

 
IBGR - RESULTS Radio Network. Everything a business owner needs to start, grow or exit a business. Come grow with us.

 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
Previous: Episode D4.008 Rewarded for Special Effort 
Next: Episode D4.010 Compensation is Fair

Written by Arthie Moore

​
0 Comments



Leave a Reply.

    new choice for BUSINESS SEARCH

    ​All IBGR Shows Notes are available for download

    Authors

    - (NA) North American Radio Hosts
    ​- (AA) Australasian Radio Hosts
    - (SA) South Asian Radio Hosts
    - (PM) Prime Meridian Radio Hosts

    Archives

    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020

    Categories

    All
    Season 1 - A. Strategy
    Season 1 - B. Operations
    Season 1 - C. Sales
    Season 1 - D. People
    Season 1 - E. Ownership
    Season 1 - F. Coaching & Consulting
    Season 2 - A. Financial Results
    Season 2 - B. Operational Productivity
    Season 2 - C. Sales Effectiveness
    Season 2 - D. People Performance
    Season 2 - E. Owner As Executive
    Season 3 - C. Customers
    Season 3 - E. Executive
    Season 3 - F. Finances
    Season 3 - IBGR Specials
    Season 3 - O. Operations
    Season 3 - P. People
    Season 3 - Special Series
    Season 4 - Customers
    Season 4 - Executive
    Season 4 - Finance
    Season 4 IBGR Specials
    Season 4 - Market Domination
    Season 4 - Operations
    Season 4 - People
    Season 4 - SPECIAL SHOW
    SPECIAL EPISODE

    RSS Feed

Site powered by Weebly. Managed by Radio.co, Designed by gWORX Media
Photo used under Creative Commons from magerleagues
  • HOME
    • YOU >
      • Grow with Us
      • Themes
      • FAQ
    • US >
      • North American Partners >
        • North American Hosts
        • North American Directory
      • Australasia Partners >
        • Australasia Hosts
        • Australasia Directory
      • South Asia Partners >
        • South Asia Hosts
        • South Asia Directory
      • Prime Meridian Partners >
        • Prime Hosts
        • Prime Directory
      • Exec Team
    • LISTEN NOW >
      • OnAir TODAY
      • Show Notes
      • Podcasts
  • News
  • Blog
  • NETWORK
    • Agilerad.io
    • Sponsor Network
    • Special Preferences
    • Privacy
  • NOTES
  • Community
  • APP
  • SHOP