Compensation is one of the most discussed items in business. And in
a family business it gets personal. Authors Aronoff, McLure and
Ward answer the some of the most important questions when it comes
to the family-- what is fair pay among family members? How do I
determine appropriate pay for my child? What should I pay my
shareholders? This book helps leaders develop a philosophy of
compensation which includes salaries, benefits and perks. After
reading, leaders will be able to develop their own compensation
framework that can be applied to anyone in an organization and will
relieve decision makers of the burden of developing individual
compensation packages. From determining market values to creating
incentive plans- this book is essential for all family businesses.
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