Family Business Compensation (Family Business Leadership Series Number 5)

Compensation matters are among the most frequently asked * and complicated questions facing business-owning families. What is * fair? How can the rewards of ownership be distinguished from pay for * performance? How can the owner motivate and retain key non-family * employees? Family Business Compensation shows you how to deal with * these tough issues in ways that strengthen your business and your * family teams. This booklet shows you how to: develop a philosophy of * compensation; establish incentive plans; make compensation a * catalyst for business planning; compensate non-family executives; * build trust through the compensation process; communicate about * compensation; anticipate and avoid common compensation problems; and * much more... Family Business Compensation gives straight answers * and sound advice for family businesses of any size or in any stage * of development.