Making Smart Decisions About Compensation
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Making Smart Decisions About Compensation
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On the latest installment of Through the Wealth Lens, we're discussing a topic that isn't covered as much, in every day wealth management practices, but applies to a majority of entrepreneurs and business owners!
How should you properly compensate the entrepreneur/owner, as well as his or her valued employees?
Being able to answer this question and implement a system does not happen overnight, but we'll discuss what steps you should be taking and considering along the way!
Timecodes:
0:06 - Introduction and overview on the topic of the day
1:35 - Why it's so important for entrepreneurs to be making smart compensation decisions
3:18 - The six steps of implementing a trusted system
7:16 - Methods for achieving motivation among employees
8:35 - Additional guidelines that can point entrepreneurs in the right direction
10:25 - An example of an entrepreneur utilizing these strategies
12:07 - How you can get in touch with Hannes and his team for a further discussion
13:26 - Closing remarks
Connect with Hannes Grascher:
Website
