Family Business Compensation 2nd Edition

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 brand new edition of Family Business Compensation offers new case studies and includes new information from enterprising families. The 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 the subject