With the U.S. unemployment rate at a sixteen year low, two important labor dynamics have emerged. First, wages are rising; businesses need to pay more to get the same job done. Second, employees are increasingly tempted to leave their current job for the prospect of a better one. Many managers believe that the solution to… Read More
How to Create a Compensation Philosophy
Creating a cohesive Compensation Philosophy is one of the most important things that the leadership team can do as they work to create the culture of the company. Developing a compensation philosophy is similar to defining your company’s core values; it outlines your beliefs about pay, equity and benefit plans. Just as your core values… Read More
What is Your Compensation Philosophy?
Can you describe your company’s human capital business model? Most business owners struggle with the answer to this question. On the surface, the answer may seem obvious: “Of course I can! We pay fair, market wages and reward superior performance.” Dig a little deeper, however, and you’ll begin to see why there’s never been a… Read More
Sales Compensation and New Interview Methods: An Interview with Max Lowenbaum, VP of Sales at Hireology
Max Lowenbaum, VP of Sales at Hireology and former Sales Leader at high-growth Groupon, joins The Best Team Wins Podcast to talk about sales leadership, compensation plans, and role-playing as an interview style. Follow Hireology on Facebook, Instagram, Twitter, and LinkedIn. … Read More
Human Capital Management as Risk Management: An Interview with Cathi Trippe, VP of Risk Management at Phil Long Auto
Cathi Trippe, VP of Risk Management at Phil Long Auto, has 20+ years of experience in Risk Management and knows that one of the biggest risks in business is who you hire to run that business. She was featured my book, in The Best Team Wins: Build Your Business Through Predictive Hiring, because of her… Read More