Compensation

Compensation

by YourBoard | The Art of Leadership

Compensation 

This video is a general discussion regarding compensation.

Frequently Asked Questions

How can I decide on compensation while still being fair?

While fairness is important from a general standpoint, in order to e competitive in the marketplace your goal as a company owner or senior leader is to know that the industry compensation range is for the key categories of roles.  You must also consider that your associates will need to be paid based on their skills and experience.   

How do I develop a fair compensation range?

This should be developed based on the competitive rate that has been assigned by the industry, the competitive range you have assigned that that particular role, and the size of your company.

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