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Much work is involved in developing an executive compensation plan that keeps your company competitive, integrates short- and long-term goals, and contains performance measurement systems that tie back to compensation. Well-devised packages drive organizational goals and objectives and your top talent.
While effectual boards of directors can strengthen a growing company, this author asserts ineffectual boards can just as easily cripple a company's growth. Entrepreneurs should follow proven and concrete procedures for developing and operating strong boards of directors.
How happy are your employees? It doesn't take a survey or a pie-chart to tell you the answer. But it does take a plan, which this lively blog post provides.
There is a difference between employees showing a passion for the employer (which is great to have) versus a passion for their work (which is a crucial part of productivity). The advice given here is to "let people do what they want and need to do" and to keep out of the way of success.
Entrepreneurs confronting the unhappy task of having to downsize when business conditions change need to execute in a way that preserves the dignity of, and, ultimately, the relationship with, the employees, says an entrepreneur who laid off her entire staff in the wake of the dot-com crash. Downsizing well involves throwing away the rulebook and dealing with people on a personal level, she writes.
Growth-oriented entrepreneurs can achieve their targets faster and better if they "engage" their employees. Does the environment at your company encourage everyone to give their best team effort? Here are some hard-earned tips from a team-building expert.
When bringing new employees on board during startup, there are a number of considerations in establishing financial incentives such as options. FeedBurner founder Dick Costolo elaborates on the issue and provides advice.
Every entrepreneur needs to know what federal and state employment and labor laws and regulations say about hiring, firing, compensation and discrimination.
In today's extremely tight labor market, small-company employers must approach hiring just as they approach selling. To lure able and enthusiastic candidates, the author writes, a CEO should consider such steps as contacting reluctant candidates personally, offering equity compensation to augment salaries, and sending welcoming gifts like fruit baskets. Of particular note is a discussion of factors the author says "count" in the sales-whoops!-the hiring process.
If you think hiring is tough in today's tight labor market, you should figure that retaining people is even tougher. To keep employees, small-company owners must provide more than just competitive compensation packages, the author writes. What really makes the difference is a CEO's ability to communicate an organizational vision and to recognize the people who translate that vision into revenue and profit.
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