Remuneration Planning and Ladder to Equity
Employees want more than good income, or do they?
Recent research indicates that we need to focus more time and effort on the side-benefits of employment: flexible workings hours, childcare on-site, entertainment vouchers and a table tennis table in the lunchroom. However, I don’t know any employee, in any business, who goes to work to get better at table tennis or to earn movie vouchers.
We all work to earn an income, support our family and lifestyle, pay off the mortgage, raise a family. That doesn’t mean we ignore the other factors such as recognition, respect, autonomy, that have all been shown to contribute to employee engagement. But financial compensation is likely to be most important for employees.
What Will You Get from this Webinar?
- Understand remuneration structures and strategies
- Find out how a remuneration strategy can help your business succeed
- Design a tailor fit remuneration plan for your business
If we can increase the alignment between employees and owners, then we can get serious about having employees think and act like business owners.
Dr Craig West
Founder & Chairman | Succession Plus
Dr Craig West is a strategic accountant who has over 20 years of experience advising business owners.
With a background as an accountant in practice and two master’s degrees, Craig formed a strong view that the majority of business owners (and often their advisers) were unprepared and unaware of the steps required to prepare for exit. He then designed and documented a unique 21-Step Business Succession and Exit Planning process to assist owners and their advisers in navigating this process.
Craig now acts as a strategic business and financial mentor for mid-market business owners. Craig has written four critically acclaimed books educating business owners on employee incentives, succession planning, asset protection, and exit strategies. Additionally, he has completed doctoral research on Employee Share Ownership Plans (ESOPs) for succession.
Craig is a Member of the Forbes Business Council where he leverages his extensive experience to contribute valuable insights on helping business leaders navigate the complexities of growing and exiting their businesses.
In April 2024, the Exit Planning Institute admitted Craig to the International Exit Planning Circle of Excellence.
