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Compensating contract workers involves negotiating a rate that reflects skills and experience, paying in a timely manner, and possibly offering perks such as professional development, says the founder of a company that develops training manuals. A key is not to treat 1099 workers as employees, the author advises.
This entrepreneur and strategic coach presents two case studies, from her entrepreneur client base, which approach compensating "A" players in very different ways. Both had the same goal though--keep them on the team.
The U.S. Department of Labor (DOL) administers a variety of laws and regulations concerning employment benefits.
Most people are motivated more by the work they do and the environment in which they work than by the money they earn. Therefore, the compensation and reward systems you offer to employees should include both monetary and non-monetary ideas.
In a young private company, a number of dynamics combine to make board membership appealing: appropriate vesting schedules, single trigger acceleration, retention efforts, handling reasonable board expenses, and more. Here is a detailed explanation of how to bring them all together for the best results.
Experienced entrepreneurs are commonly tapped to serve as outside directors for promising early-stage companies. VC and blogger Brad Feld provides some rules of thumb for compensating these valuable assets.
Directors and Officers (DandO) insurance is a term often heard in companies forming their first boards of directors or bolstering current boards. This expert lays out, in question-and-answer format, key issues for entrepreneurs to consider when buying DandO insurance.
The decision to offer employee health benefits is tough for any business owner. In approaching the issue, the first question an entrepreneur should ask is where health benefits fit into the culture of the organization. The answer largely depends on the kind of bond the entrepreneur wants to create between the company and its employees.
For entrepreneurs running growth companies, one major challenge is providing affordable health care coverage for employees. Most important, costs continue to rise for many key prescription drugs. This article provides practical strategies entrepreneurs can use to provide prescription drug coverage for their teams and help lower their companies' overall health care costs.
Organizations thrive when they are clear about what needs to get done, who needs to do it, and how it should get done. Without clarity there is wasted effort and even chaos.
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