Compensation plans are like the rulebook for how businesses distribute pay to their employees. Compensation plans cover everything from your basic salary to bonuses, perks, and benefits that make a job more than just a paycheck. Think of them as the playbook for keeping everyone happy and paid fairly. They're not just about following the law and avoiding messy legal battles over pay; they're also about showing employees they're valued and keeping them motivated to do their best work. When folks feel like they're getting a fair shake, they're more likely to stick around, give their all, and even spread the good word about your company. Plus, throwing in some performance-based incentives can really light a fire, pushing the whole team to feel more motivated.
In this episode, Kendra shares how you will be able to:
- Understand the importance of compensation strategy for business success.
- Discover the importance of equal pay for your workforce.
- Learn effective ways to manage compensation gaps in your organization.
- Gain insights on how to avoid discrimination lawsuits to protect your business.
- Explore the benefits of conducting fair pay studies for a motivated workforce.
//WHEN YOU’RE READY, HERE’S HOW WE CAN HELP YOU//
TAKE THE FREE 5-MINUTE EMPLOYEE ENGAGEMENT ASSESSMENT
https://turningthecornerHR.com/quiz
SCHEDULE A CALL WITH A HUMAN RESOURCES CONSULTANT
https://turningthecornerHR.com
LISTEN TO OUR PODCAST
Apple Podcasts:
https://podcasts.apple.com/us/podcast/how-i-turned-the-corner/id1637875430
Spotify:
https://open.spotify.com/show/2S4sGuOSeXWXIKY7zMW1p5
iHeart Radio:https://www.iheart.com/podcast/269-how-i-turned-the-corner-100448118/
HIRE KENDRA AS A CONSULTANT OR KEYNOTE SPEAKER
__________
Say hello on social:
YouTube: https://www.youtube.com/channel/UC18USlHyF1MEruK2tO3fdFQ
Facebook: https://www.facebook.com/TurningTheCornerHR
Instagram: https://www.instagram.com/turning_the_corner/
LinkedIn: https://www.linkedin.com/company/turning-the-corner/
__________
About Turning The Corner HR
The world of work is more complicated than ever, and traditional HR has struggled to keep pace. When it comes to creating and sustaining healthy, thriving cultures, small businesses suffer the most.
Turning the Corner is the remedy. Today’s high-tech, low-touch, cookie-cutter approaches simply don’t work for small businesses. Experience, judgment, and relationships have been replaced by technology in the name of efficiency with disastrous results. At Turning the Corner, we understand your challenges are as unique as the company itself. We design personalized HR approaches that work for you.
Only after listening, learning, and diag
Popular Podcasts
Bookmarked by Reese's Book Club
Welcome to Bookmarked by Reese’s Book Club — the podcast where great stories, bold women, and irresistible conversations collide! Hosted by award-winning journalist Danielle Robay, each week new episodes balance thoughtful literary insight with the fervor of buzzy book trends, pop culture and more. Bookmarked brings together celebrities, tastemakers, influencers and authors from Reese's Book Club and beyond to share stories that transcend the page. Pull up a chair. You’re not just listening — you’re part of the conversation.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.