
Compensation Strategy 101
Category: 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!