12 Key Questions to Determine Whether Your Compensation Strategy is a Helpful Attraction & Retention Tool

In order to attract and retain the “right talent,” each business must have a clear philosophy/strategy around compensation and rewards. Today, with the uptick in the economy, you need to be sure that your compensation plan is able to attract, motivate and retain your employees. As you review your company’s compensation strategy, listed below are… Read More

Culture of Accountability: The Key to Business Growth in 2017

“Accountability – the quality or state of being accountable, an obligation or willingness to accept responsibility or to account for one’s actions.” – Merriam Webster Dictionary Questions: How many times during the past 3 years, have you become frustrated when work you assigned was not finished on time? How often during the course of a… Read More

The Onboarding Program: A Way to Grow Your Business

All companies, regardless of their size, spend time and money trying to recruit the best talent and want to turn them into productive employees as quickly as possible. According to The Boston Consulting Group, “Companies with strong onboarding programs see 2.5 times the profit growth and 1.9 times the profit margin than those that don’t.”… Read More

Management Succession Planning: The Key to Business Continuity

When lawyers, accountants, financial advisors and business owners look ahead to plan business succession, they discuss legal documents, tax code, investment returns and valuation (usually 10x EBITDA!). Rarely does anyone mention management succession. This is surprising because most owners, especially family owners, care about their legacy, yet without a solid management succession plan, the “family… Read More