By Craig E. Aronoff, Ph.D., Stephen L. McClure, Ph.D., and John L. Ward, Ph.D.
Preview Chapter four of Family Business Compensation titled Special Compensation Issues in Family Firms. Click Here
Compensation matters are among the most frequently asked and complicated questions facing business-owning families. What is fair? How can the rewards of ownership be distinguished from pay for performance? How can the owner motivate and retain key non-family employees? Family Business Compensation shows you how to deal with these tough issues in ways that strengthen your business and your family teams.
This brand new edition of Family Business Compensation offers new case studies and includes new information from enterprising families. The booklet shows you how to:
develop a philosophy of compensation
establish incentive plans
make compensation a catalyst for business planning
compensate non-family executives
build trust through the compensation process
communicate about the subject
"Family Business Compensation has the kind of information that is very hard to get anyplace else ---especially as it relates to pay in family firms. It is very focused on the pay issues that matter to business owning families, and it is written by people who have earned their stripes consulting with family owned businesses. The compensation strategies are well shaken down, and time-tested with real family firms. You don't have to go searching 16 different places to find the best thinking on family business compensation ---it's all here in one place."
Jim Phillip, President
Phillip's Flowers
Westmont, IL
"I enjoy reading each volume of the Family Business Leadership Series and have recommended them to several of my family business-owner friends. Family Business Compensation was so good that I sent six copies to close associates. In less than 70 pages, the authors provide great insight into an issue that threatens most family businesses."
E. Brooke Lee, III, President
LDG, Inc.
Silver Spring, MD
ISBN: 978-0-230-11103-5
Copyright, 2011
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