Compensation Strategy 101

Compensation Strategy 101

leadershipCategory: MGMT / LEADERSHIP – Duration: 15 minutes – Prerequisites: None

Summary

It’s not all about the money. But the money is very important. Having a solid compensation strategy is key to attracting and keeping great employees. It’s also key to managing your number 1 expense! Do you know how to motivate your team or are you just hiring the minimum for the minimum?

In this course, we’ll show you how to build a strategy that gives you and your team peace of mind and a sense of possibility for prosperity. We have to end the “labor vs. management” battle that all too often holds facilities back from full potential.

Areas of compensation we’ll look at:

  • Salaried Employees
  • Hourly Employees
  • Bonuses
  • Paid Time Off (vacation, sick days, etc.)
  • Raises
  • Job Paths
  • Seasonal Hiring
  • Profit Sharing, and more!

 

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