4 Ways To Overcome Challenges When Creating Your Compensation Plan
Whether it be the rising cost of insurance or revenue shortages in the wake of the COVID-19 pandemic, creating compensation plans is more challenging than ever in 2021. However, as employee compensation is an important component of figuring out how to value a business, innovative strategies must be used to overcome these obstacles. The four ideas listed below are great ways to overcome challenges and create compensation plans that will attract and retain employees.read more
Is Your Trustee Client Being Paid Fairly?
Compensation for trustees, who are charged with managing a trust, is often a pretty straightforward percentage calculation based on state guidelines. Consult the terms and the size of the trust, and calculate the trustee fees.read more
From Fun to Frantic: How the Head of People/ HR is Set Up to Fail
Any successful pre-IPO company knows that a good head of HR is worth their weight in gold. Getting someone who has strong expertise in leadership, recruiting, talent management, programs management all while fostering culture and fun should be a number one priority for any pre-IPO company wanting to get off the ground.read more
Case Study – Smart Compensation, Stronger IPO for Bay Area Company
A San Jose based client was less than a year away from their IPO and seemed to be doing everything right—growing fast, hiring aggressively, and planning big. But serious problems in their compensation strategy threatened to sap talent and sabotage the company’s momentum.read more
Three Biggest Mistakes Start-ups Make With Employee Pay
Few places are as exciting as a new start-up—the technology, talent, and fast pace can make it a great place to work. But making sure a company gets to grow into something other than a failed start-up is a tricky balancing act.read more
Startup Secret Sauce: Four Easy Lessons for Longevity, Success, and Scaling Up
Startups are everywhere in Silicon Valley, which makes it an exciting place to be. Where else can you find that heady mix of enthusiasm, great ideas, and the will to win?. For all the highs, though, startups run the risk of some major lows.read more
Is Silicon Valley Losing Its Soul?
An abundance of young money. A hyper competitive environment. Poor work-life balance. Insular, bubble-like culture. Sky-high cost of living. Atrocious commute times.read more
Why ESOPs Matter for Private Companies
Ever heard of an ESOP? I’m not surprised if this is a new concept for you. Employee Stock Ownership Plans (ESOPs) are a little-known secret when it comes to benefits and incentives for driving performance in a private company.read more
Executive Compensation: How to Avoid Sabotaging Success
I’ve got a message for small to mid-sized businesses out there: your executive pay is all wrong.
Granted, most would think that executive pay is not a big problem, since it is high and on the rise. But while that may be true for larger companies, that’s not always the case for small to mid-sized businesses, and yes, it’s a problem!read more
HR Alert: Jennifer Lawrence and the Fair Pay Act
You’re probably familiar with the image of actress Jennifer Lawrence as Katniss Everdeen, heroine of the Hunger Games: bow and arrow pulled back, ready to fight.
Would you be ready to take her on?
Lawrence adopted that same fighting spirit off-screen late last year after finding out through leaked emails that she was paid less than her male co-stars in American Hustle.read more
Three Reasons Why Your Job Levels Are Wrong
Successful companies that grow quickly in a short period of time seem to be doing everything right—they have profits, plans for growth, and a competitive edge. But rapid growth almost always creates a critical weakness for companies: job levels and titles get skewed.read more
Conversations about Pay: Are You Playing Offense or Defense?
Is your pay competitive to the market?
If you can answer that question confidently, you’re in the minority. A recent study by PayScale, reported in the Harvard Business Review, revealed that many employees are uncertain about whether they’re being paid fairly.read more
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