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Employee Compensation in the ESOP Company

SUMMARY Employees in an Employee Stock Ownership Plan (ESOP) company have more interest in their company’s compensation program than most everyone else — not just in their own compensation, but in the compensation program overall and how it impacts every other employee.  A well-designed, administered, and communicated employee compensation program can make the difference between […]

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Instead of Googling “How To Attract Millennials,” Why Don’t You Just Ask Us?

I was born in 1991. I had my first cell phone in middle school, my first email address when I was probably 10. And yes, I was given the much derided participation trophies and ribbons. But which generation was giving out those trophies exactly? We can put the inter-generational hostility aside. I’m not here to […]

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Compensation Waste 101 – When Raising Your Minimum Wage Will Lower Your Costs

Increasing the minimum wage does not improve the skills and contributions of those who currently earn the minimum wage – but increasing an organization’s minimum wage may be essential to achieving needed levels of productivity and performance.   Organizations of all types need to understand, from a business perspective, why being cheap is rarely the right […]

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Job descriptions as performance appraisal forms… the ideal solution

Performance appraisal may well be the most despised management process around, and often for very good reasons.  Most performance appraisal forms are only marginally relevant to an employee’s job, and the results of the process itself yield very little – perhaps a token difference in a raise for a “higher performer” over a “lower performer;” […]

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