Podcasts about compensation plans

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Best podcasts about compensation plans

Latest podcast episodes about compensation plans

Repeatable Revenue
*REVEALED* MSP Compensation Plans That Actually Work

Repeatable Revenue

Play Episode Listen Later Apr 18, 2025 21:56


▸ Get My Free MSP Sales Toolbox: https://msp.sale/yt-toolbox▸ Join My Newsletter for Weekly Sales Strategies: https://rayjgreen.beehiiv.comHey, I'm Ray Green. I'm a strategic growth specialist for B2B companies.Since this is social media and anyone can claim anything, here's a quick rundown of my background:Former Managing Director of National Small & Midsize Business at the U.S. Chamber of Commerce, where I doubled revenue per sale in fundraising, led the first increase in SMB membership, co-built a national Mid-Market sales channel, and more.Former CEO operator for several investor groups where I led turnarounds of recently acquired small businesses.Founder of MSP Sales Partners, where we currently help IT companies scale sales: www.MSPSalesPartners.comSales & Sales Management Expert in Residence at the world's largest IT business mastermind.Founder of Repeatable Revenue Ventures, where we scale B2B companies we have equity in: www.RayJGreen.comDrawing from my 15+ years of sales management experience, I'll show you how to design a comp plan that attracts top talent, motivates your sales team, and maximizes your ROI. Whether you're struggling to retain great salespeople or want to supercharge your sales performance, these insights will help you build a compensation strategy that truly works.CHAPTERS:00:00 - Importance of Comp Plan01:53 - Principles for Creating a Comp Plan02:03 - Realistic Comp Plans06:35 - Controllable Incentives12:32 - Avoiding Commission Caps15:25 - Simplicity in Comp Plans17:26 - Transparency in Compensation20:49 - Conclusion and Resources

The Right-Hand Roadmap
#47. Financial Planning for Six-Figure Earners & Compensation Plan Pitfalls with Brenton Harrison

The Right-Hand Roadmap

Play Episode Listen Later Apr 8, 2025 30:22


Avoid the Hidden Traps in Your Compensation Plan and Financial Planning as a Six-Figure Earner. In episode 47 of The Right-Hand Roadmap, we sat down with Brenton Harrison, a Certified Financial Planner who specializes in helping first- and second-generation high-income earners. Brenton pulls back the curtain on the emotional baggage that often comes with financial success, and how easy it is to fall into the trap of compensation plans that sound good on paper but leave you over-leveraged, underpaid, or misinformed. This episode is a must-listen if you've ever second-guessed your bonus structure, wondered whether equity is really worth it, or felt embarrassed not knowing what questions to ask about financial planning. Brenton's insights will challenge how you think about money, and give you the tools to build a smarter, more sustainable financial future. You'll hear all about: 00:41 – Meet Brenton Harrison: Financial planner for first- and second-generation high earners 02:25 – Why Brenton launched New Money, New Problems and the emotional baggage behind financial success 05:40 – The blind spots of compensation plans for seconds-in-command 07:55 – Why “you should be thankful” is a red flag in any compensation conversation 10:32 – When commissions and bonuses are more about control than reward 14:47 – How to recognize a toxic comp plan 17:10 – Planning for income that fluctuates (like commission-based roles) 21:18 – Should you accept equity? What questions to ask first 25:00 – The “six-figure lifestyle” trap 27:36 – How high earners can build a financial strategy that's actually sustainable 30:41 – Why your net worth matters more than your income 32:19 – Tips for COOs navigating equity, risk, and career growth 36:03 – When to hire a financial planner—and what to look for 38:45 – Brenton's advice for COOs in fast-growing companies   Rate, review & follow on Apple Podcasts Click Here to Listen! OR WATCH ON YOUTUBE If you haven't already done so, follow the podcast to make sure you never miss a value-packed episode. Links mentioned in the episode: New Money, New Problems website Brenton D. Harrison's Instagram  New Money, New Problems Podcast Second First Membership Second First One-on-One Coaching Second First on Instagram Second First on LinkedIn Megan Long on LinkedIn

FOXCast
Designing Cutting-Edge Compensation Plans for Top Family Office Talent with Bruce Benesh

FOXCast

Play Episode Listen Later Apr 3, 2025 39:56


Today, it is my pleasure to speak with Bruce Benesh, Managing Principal at Benesh Consulting Group. Bruce has more than 40 years of experience in executive compensation, tax planning relating to compensation arrangements, and international human resource consulting. He formerly served as the national partner- in-charge of the Human Capital Services Practice at Grant Thornton, and prior to that was the partner-in-charge of Arthur Andersen's Americas Human Capital Services Practice. Bruce, along with his firm Benesh Consulting Group, is a distinguished and generous advisor member of FOX, and we are fortunate to have his expertise available to our membership community. Bruce begins with an overview of the family office executive compensation landscape today. He describes the current state of affairs in the space, the established practices, and the latest trends pertaining to compensating key staff at family offices. Bruce then talks about some of the challenges family offices are facing when looking to create total compensation structures for their key employees and executives, highlighting the issues they struggle with the most. Bruce has worked with dozens, if not hundreds, of family offices over the years, helping them design attractive and effective compensation packages for key hires. He summarizes some of the best practices he has observed most frequently and would recommend to our listeners. Beyond hiring a compensation expert with experience in the family office space, such as himself, Bruce provides a summary of the other resources and practical tools family office owners and leaders should be aware of that can help them understand, plan, and design best-in-class compensation structures. Do not miss this highly relevant and instructional conversation with one of the foremost thought leaders and practitioners in the family office compensation space.

The Alara Canfield Show
LiveGood Overview & Compensation Plan March 19 2025

The Alara Canfield Show

Play Episode Listen Later Mar 20, 2025 22:50


This is a brief overview of LiveGood and its compensation plan. ➡️ Get into the LiveGood TOP Team! I am in one of the Top Teams with people like Gemma King, Johnny Dimos, and Curry Russell - SO COULD YOU BE!  ➡️ We offer ongoing Training and Support on How to Succeed with LiveGood.   The LiveGood opportunity is HOT right now, the recent Rank and Recognition call with the LiveGood Founder Ben Glinksy was SO exciting, he talked about the future plans and just how HUGE LiveGood is going to be. Secure your spot in the Matrix. 

Your News Now
Airline Compensation Plan & Huge Turnout for the AFL

Your News Now

Play Episode Listen Later Mar 17, 2025 1:57


Up-to-date news and sport, for your location. This is Your News Now.See omnystudio.com/listener for privacy information.

Financial Advisor Success
Ep 426: Rolling Out An Equity Compensation Plan To Align The Entire Team On Client Service And Profitable Growth with Jennifer des Groseilliers

Financial Advisor Success

Play Episode Listen Later Feb 25, 2025 90:00


Jennifer des Groseilliers is the CEO of The Mather Group, an RIA based in Chicago, Illinois, that oversees $15 billion in combined assets under management and advisement for approximately 4,400 client households. Today Jennifer shares how her firm has designed an program of broad-based equity awards across the firm to align the interests of employees with the firm's long-term client service and growth goals.  In this episode, Jennifer breaks down how her firm sets performance targets and ensures that employee incentives are tied to the firm's enterprise value. We also discuss how The Mather Group streamlines operations through goal-setting systems like SMART goals and HR tracking tools, separates sales and advisory roles to optimize client acquisition and service, and fosters leadership development through emotional intelligence. Listen in to learn how strategic equity grants can drive business success while empowering employees.  For show notes and more visit: https://www.kitces.com/426 

Profit with Law: Profitable Law Firm Growth
How Law Firms Can Leverage Compensation Plans to Meet Strategic Goals with Brenda Barnes and Camille Stell - 468

Profit with Law: Profitable Law Firm Growth

Play Episode Listen Later Feb 13, 2025 56:38


Send us a textShownotes can be found at https://www.profitwithlaw.com/468.Do you want to learn the secrets of leveraging attorney compensation for a more profitable law firm?Join Moshe Amsel as he welcomes guests Brenda Barnes and Camille Stell to explore the intricacies of attorney compensation on the Profit with Law Podcast. Dive into the details of their co-authored book, "Respect: An Insight into Attorney Compensation Plans," and uncover strategies for using compensation to align with firm goals, enhance productivity, and create a fulfilling work environment. Brenda and Camille share insights on setting up performance-based compensation, understanding the motivations behind partnership tracks, and avoiding common pitfalls in pay structure.Listen now to transform your firm's compensation strategy and drive growth while maintaining a thriving workplace culture!Chapters:[00:00] Introduction to Brenda Barnes and Camille Stell[20:01] Connecting compensation with your culture[30:24] How much should you compensate?[35:04] Compensation bias[40:26] Path to Partnership[46:03] The right time to implement strategic compensation plans[60:06] Brenda Barnes and Camille Stell's parting piece of adviceResources mentioned:Take the Law Firm Growth Assessment and find out how you rate as a law firm owner! Check out our Profit with Law YouTube channel!Learn more about the Profit with Law Elite Coaching Program hereBook your FREE strategy session today!: profitwithlaw.com/strategysessionSend an email to info@dreambuilderfinancial.com to get access to Motivate the Unmotivated with Performance Based Compensation, Moshe's talk from the Law Firm Growth Summit.Connect with Brenda Barnes: Website | Personal LinkedInConnect with Camille Stell: Website | Company LinkedIn | Personal LinkedInRespect: Insight to Law Firm Compensation by Brenda Barnes and Camille Stell - https://lawofficemanagementbooks.com/Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.Connect with Moshe on:Facebook - https://www.facebook.com/moshe.amselLinkedIn - https://www.linkedin.com/in/mosheamsel/

Personal Development Trailblazers Podcast
The Truth That Will Transform Your Goal Setting With Joshua Phair

Personal Development Trailblazers Podcast

Play Episode Listen Later Jan 14, 2025 18:46


Welcome to the Personal Development Trailblazers Podcast! In this episode, we'll explore how self-awareness and measurable progress are essential to creating real success. Joshua “The Viking” Phair is a visionary leader, creative strategist, and passionate innovator in the realms of business development and personal transformation. Dubbed “The Wizard of Compensation Plans,”  Joshua has served as a high-level consultant within the MLM industry for years—helping both emerging and established companies launch and thrive. His expertise has added hundreds of millions of dollars to bottom lines across the globe, cementing his reputation as a fierce advocate for sustainable growth and innovative leadership. Yet even the most stalwart Viking faces storms. Joshua's path took a turn when he encountered depression, a challenge that led him on a deep personal journey of love, forgiveness, and realignment.  Emerging stronger and more determined, he transformed the frameworks that helped him pivot in his own life into a roadmap for others who feel stuck, are drifting, or are seeking renewed purpose and legacy. In Hero's Odyssey, Joshua brings not only his business acumen and strategic mind but also an empathetic leadership style forged by real-life trials.  With unyielding determination and a heart for guiding others through their own odysseys, “The Viking” stands ready to champion a vision that unites adventure, personal growth, and the power of heroic storytelling. Connect with Joshua here:  https://www.facebook.com/joshuaphair https://www.instagram.com/joshuaphair https://www.tiktok.com/@joshuasterlingphair https://go.theherosodyssey.com/2025 Grab the freebie here: https://go.theherosodyssey.com/2025 =================================== If you enjoyed this episode, remember to hit the like button and subscribe. Then share this episode with your friends. Thanks for watching the Personal Development Trailblazers Podcast. This podcast is part of the Digital Trailblazer family of podcasts. To learn more about Digital Trailblazer and what we do to help entrepreneurs, go to DigitalTrailblazer.com. Are you a coach, consultant, expert, or online course creator? Then we'd love to invite you to our FREE Facebook Group where you can learn the best strategies to land more high-ticket clients and customers.  QUICK LINKS:  APPLY TO BE FEATURED: https://app.digitaltrailblazer.com/podcast-guest-application DIGITAL TRAILBLAZER: https://digitaltrailblazer.com/

Conversations at GFI
E14: Antitrust, AI's Impact on Investing, Compensation Plans to Incentivize Management

Conversations at GFI

Play Episode Listen Later Dec 10, 2024 26:04


(00:00) Intro (01:05) Antitrust (05:17) AI's Impact on Investing (15:20) Compensation Plan's Role in Incentivizing Management (25:11) Disclaimers Have any questions? Email us at info@gfiic.com!

Torsion Talk Podcast
Torsion Talk S8 Ep88: Leadership Evolution—Building Accountability and Growing Your Team

Torsion Talk Podcast

Play Episode Listen Later Nov 26, 2024 25:45


In this episode of Torsion Talk, Ryan takes a deep dive into the transformative power of leadership and accountability in running a successful business. With over 25 years of leadership experience across various sectors, Ryan shares candid insights into what true leadership looks like and how to apply it effectively in the garage door industry. 1. The Leadership Revelation:Ryan opens up about his own journey of understanding leadership and the pivotal realization that leadership isn't just about systems—it's about people. He reflects on the challenges many business owners face, including low employee motivation and a lack of respect from team members. 2. Systems Without Accountability:Having great systems like SOPS and handbooks means little if accountability is missing. Ryan discusses how to implement consequences for not following processes and the importance of ensuring that systems are respected. 3. The Accountability Gap in Home Services:Explore the struggles of small business owners in the home services industry, particularly in maintaining accountability while balancing the fear of losing key employees. Ryan shares practical advice for navigating these challenges, especially for businesses in the $0 to $2M revenue range. 4. What Great Leaders Do First:Ryan imagines how a renowned leader like John Maxwell might transform a garage door business. From team meetings to one-on-ones, Ryan outlines actionable steps to establish a leadership-driven culture. Key steps include: Showing appreciation to your team. Asking critical questions about capacity, leadership aspirations, and areas for improvement. Developing a leadership program within your company. 5. The Role of Core Values and Vision:Ryan discusses the importance of creating core values and a clear vision statement to unify your team. He shares how these foundational elements guide hiring, firing, rewarding, and decision-making. 6. Compensation Plans and Employee Alignment:Learn why the structure of compensation plans is as important as the amount and how aligning incentives with company goals motivates employees to perform at their best. 7. Consistency and Accountability in Leadership:Leadership isn't about one-time actions but consistent effort. Ryan shares his thoughts on: The importance of follow-through in one-on-ones. How regular meetings and evaluations build a culture of accountability. Why turnover may be inevitable when transitioning to a more accountable workplace. 8. Action Steps for Developing Leaders:Ryan challenges listeners to take immediate action by: Identifying team members interested in leadership growth. Creating a plan for leadership development. Recognizing that failure and tough decisions are part of the journey. 9. The Virtual Door Dealer Conference:Ryan closes the episode with a reminder to sign up for the Virtual Door Dealer Conference on December 13th. This free event promises actionable insights and strategies to help you lead with confidence and grow your business. Takeaways: Leadership starts with developing yourself and others. Accountability is key to implementing effective systems. Building a strong culture of accountability may lead to turnover but will strengthen your business in the long run. Attend the Virtual Door Dealer Conference for more tools to elevate your leadership and business practices. Make time to reflect on your leadership approach and take Ryan's challenge to become the best version of yourself as a leader. Learn more about the Virtual Door Dealer Conference at: https://virtualdoordealerconference.com/2024 Learn more about Garage Door U Summit 2025 at: https://garagedoorsummit.com/ Find Ryan at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://garagedooru.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://aaronoverheaddoors.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠https://markinuity.com/⁠ Check out our sponsors! Sommer USA - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://sommer-usa.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Surewinder - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://surewinder.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Stealth Hardware - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://quietmydoor.com/⁠

Scale Without Social - Grow Passive Income | Time Management Tips | Financial Advice | Social Media Alternatives | Goal Setti

In this episode of the Called to Lead podcast, Heather continues the series on the core values of Restore Collective, a new direct sales company. The focus is on the value of loyalty, discussing its biblical inspiration, practical implications for relationships within the company, and its role in the unique compensation plan. Key points include understanding loyalty beyond just business relations, the prioritization of God first, family second, and business third, and the introduction of loyalty links for advocates and partners. 00:00 Introduction and Episode Overview 01:33 Biblical Inspiration for Loyalty 03:38 Loyalty in Business and Personal Relationships 09:09 Prioritizing Loyalty in Life 16:00 Compensation Plan and Loyalty Link 23:24 Conclusion and Prayer Focus Group Survey: ・Focus Group Survey Episode Resources/References: ・Seint's Income Disclosure ・Texting with Project Broadcast ・Easily Edit Your Videos + Podcast ・Get 50% off Stunning Emails Connect with Heather: Called to Lead Telegram Community HeatherKBurge.com heatherkburge@gmail.com You can also text (912) 405-8912 any of these keywords to learn more: CONNECT (to stay in touch on all the things) PODCAST (to get a direct link to the Called to Lead Community)

Remarkable Results Radio Podcast
How Did A Mother-Daughter Duo Overcome Staffing Struggles? [RR 1006]

Remarkable Results Radio Podcast

Play Episode Listen Later Nov 12, 2024 42:14


Thanks to our Partner, NAPA Auto Care Katy and Victoria Carl, a mother-daughter duo, share their unique journey of taking over the business five years ago, discussing their challenges, particularly in staffing and recruitment. They emphasize the importance of coaching and mentorship, innovative hiring practices, and creating a family-oriented work culture. Their story highlights the power of resilience, community involvement, and supporting women in the automotive industry, offering valuable insights and inspiration to listeners. Katy and Victoria Carl, Carl's Advanced Automotive & Truck Repair Center, Voorheesville, NY 12186 Show Notes Watch Full Video Episode Location Overview (00:00:32) Business Acquisition Opportunity (00:01:39) Family Values in Business (00:02:32) Importance of Coaching (00:04:15) Takeaways from Coaching Program (00:07:12) Staffing Challenges (00:08:56) Changing Recruitment Strategies (00:12:07) Texting as a Recruitment Tool (00:13:24) Interviewing Process Evolution (00:15:47) Compensation Plans as Recruitment Tools (00:19:47) Family Involvement in Business (00:22:24) Importance of Team Culture (00:23:40) Adoption of a Four-Day Work Week (00:25:10) Community Engagement Initiatives (00:26:58) Empowering Future Generations (00:29:14) Women in Trades Advocacy (00:31:36) Transitioning to New Systems (00:33:31) Realizing 'Okay' Isn't Enough (00:35:06) Focus on Financial Metrics (00:35:29) Long-Term Goals and Planning (00:36:37) Pride in Achievements (00:37:18) Encouragement to Pursue Passions (00:38:06) Building a Support Network (00:39:42) Embracing Change (00:40:42) Thanks to our Partner, NAPA Auto Care Learn more about NAPA Auto Care and the benefits of being part of the NAPA family by visiting https://www.napaonline.com/en/auto-care Connect with the Podcast: -Follow on Facebook: https://www.facebook.com/RemarkableResultsRadioPodcast/ -Join Our Virtual Toastmasters Club: https://remarkableresults.biz/toastmasters -Join Our Private Facebook Community: 

Wealthy Woman Lawyer Podcast
Episode 272 RESPECT: Attorney Compensation Plans with Brenda Barnes and Camille Stell

Wealthy Woman Lawyer Podcast

Play Episode Listen Later Oct 31, 2024 58:20 Transcription Available


In today's episode of the Wealthy Woman Lawyer® podcast, I sit down with Brenda Barnes and Camille Stell, renowned experts in law firm management and attorney compensation strategies. Together, we explore their insights from their book "Respect: An Insight to Attorney Compensation Plans," which delves into creating equitable, respectful compensation frameworks for law firms. With more than three decades in the legal and financial sector, Brenda Barnes, CPA, MBA, brings her expertise in law firm accounting, financial management, and compensation planning. Brenda has managed small to mid-sized firms, founded B2 Legal Management, LLC, and remains a sought-after consultant and speaker on optimizing financial operations within legal practices. Camille Stell, founder and President of Lawyers Mutual Consulting & Services, has made significant contributions to law firm succession planning, modernizing legal practice management, and supporting attorneys' career transitions. A nationally recognized thought leader, Camille is also the co-author of "Designing a Succession Plan for Your Law Practice" and frequently addresses contemporary issues in law practice management.  Listen in as Brenda, Camille, and I discuss: The concept of "respect" in attorney compensation and its critical role in retaining talent within law firmsStrategies for developing modern compensation plans that promote transparency, equity, and inclusionThe impact of changing generational expectations on compensation models and law firm cultureChallenges solo and small firms face in competing with larger firms on compensationBuilding pathways to partnership and retention through innovative compensation structures  LINKS TO LOVE: - Purchase "Respect: An Insight to Attorney Compensation Plans" by Brenda Barnes and Camille Stell" - To learn more about Brenda https://www.unanchoredjourney.com and Camille https://www.lawyersmutualconsulting.com/, visit their websitesWANT HELP GROWING YOUR LAW FIRM? If you are seeking help to grow a profitable, sustainable, wealth-generating law firm, check out my brand new *free* training—Build a Wealth-Generating Law Firm: 3 Strategies for Women Law Firm Owners That Double Your Revenue Without Doubling Your Workload. 

Chicago's Legal Latte
Deferred Compensation Plans

Chicago's Legal Latte

Play Episode Listen Later Sep 19, 2024 15:00


Owners of closely held businesses can learn about deferred compensation plans that provide opportunities to increase their tax deferred retirement contributions. Steven A. Schoenbrun of Midwest Benefit Consultants, Ltd. discusses different plans that are IRS approved and provide owners with the chance to increase their contributions. Attorney Kerry Lavelle adds insight on how these plans can be of benefit to owners and executives.

Selling With Social Sales Podcast
Sales Secrets to Landing a Lucrative Compensation Plan | Devon Hennig | MSP #282

Selling With Social Sales Podcast

Play Episode Listen Later Sep 10, 2024 64:35 Transcription Available


  Are you ready to uncover the unexpected key to maximizing your sales compensation? Get ready to dive into a conversation that will transform the way you negotiate your compensation packages. You won't believe the game-changing strategies shared in this episode. Stay tuned to discover the secrets that will elevate your sales career to new heights. If you're feeling frustrated by missed opportunities and leaving money on the table, then you are not alone! Are you tired of negotiating compensation packages that don't reflect your true value and potential? It's time to enhance your negotiation skills and optimize your compensation packages to maximize your earnings. Let's dive in and unlock the secrets to getting the compensation you deserve. This is Devon Hennig's story: Devin Hennig, an experienced author, seasoned executive and negotiation expert, candidly shared his journey of learning about compensation through trial and error. As a former VP of marketing in various startups and public companies, he admitted to making costly mistakes in negotiating his own compensation, leaving substantial sums on the table. Drawing from his personal experiences, Devin recognized the common pitfalls that leaders encounter in negotiations, emphasizing the importance of understanding what, how, and why when it comes to compensation. His refreshing approach, devoid of traditional HR perspectives, resonates with those seeking to navigate the complexities of compensation packages. Devin's journey serves as an inspiring reminder that even seasoned professionals have faced the challenges of underselling themselves and not fully comprehending the intricacies of negotiation. His down-to-earth storytelling and relatable experiences create an engaging narrative, offering valuable insights and a fresh perspective on optimizing compensation packages. Severance is a protection piece, especially at a higher title and more senior roles. It's making things right. - Devon Hennig My special guest is Devon Hennig Devon Hennig, an accomplished author with eight books under his belt, including "The Senior Compensation Bible" and "How to Be a VP," brings a unique perspective to sales compensation negotiations. With a background as a VP of marketing at various startups and public companies, Devon learned from firsthand experiences, having left millions on the table due to negotiation mishaps. His approachable style and focus on helping others avoid similar pitfalls make him a valuable resource for understanding the intricacies of compensation packages and negotiation strategies. Devon's insights cater to both sales leaders and individual contributors, making him a relatable and trusted guide in the realm of optimizing compensation packages. In this episode, you will be able to: Master the art of negotiating sales compensation packages to maximize your earnings. Unlock the potential of equity and stock options for startup employees to build your financial future. Learn how to maximize severance in executive roles, ensuring a safety net for your career. Craft a compelling career story in sales that captivates potential employers and clients alike. Discover strategies for long-term career growth in sales, paving the way for sustained success. Key Moments: 00:00:00 - Intro

Lowenstein Sandler's Employee Benefits & Executive Compensation Podcast
Puttin' on Your Top Hat: How to Effectively Structure a Deferred Compensation Plan as a “Top Hat” Plan

Lowenstein Sandler's Employee Benefits & Executive Compensation Podcast

Play Episode Listen Later Aug 29, 2024 10:57


“Top hat plans” —non-qualified deferred compensation plans that can be exempt from most of the requirements of Employee Retirement Income Security Act of 1974 or ERISA—can be a useful tool for employers looking to provide deferred compensation benefits to certain key employees. However, care must be taken to ensure compliance with the relevant requirements of ERISA and Section 409A of the Internal Revenue Code. Darren Goodman, Megan Monson, and  Jessica I. Kriegsfeld of Lowenstein's Executive Compensation and Employee Benefits Group discuss how to structure such plans to make them compliant. Speakers: Darren Goodman, Vice Chair, Executive Compensation and Employee BenefitsMegan Monson, Partner, Executive Compensation and Employee BenefitsJessica Kriegsfeld, Associate, Executive Compensation and Employee Benefits

The Full Desk Experience
Industry Spotlight | Tom Kosnik - Founder and President of Visus Group: Designing Effective Compensation Plans for Staffing and Recruiting Firms

The Full Desk Experience

Play Episode Listen Later Aug 15, 2024 53:31


In this episode, we're privileged to have Tom Kosnik, president of the Visus Group, on this weeks Industry Spotlight. In this episode, he delves into the intricate world of compensation plans, sharing best practices for creating detailed, effective, and motivating compensation packages.We'll explore why a well-crafted compensation plan is crucial, not just for attracting top talent but for ensuring a company's professionalism and long-term success. Tom also highlights the importance of earmarking 20-25% of gross profit for employee compensation and warns against pitfalls like overallocation, which can decimate a company's net income.We'll dig into real-world examples, discuss the importance of annual evaluations, and unpack the strategic levers that make a compensation plan both motivating and sustainable. Whether you're a CEO of a staffing or recruiting firm, operations manager, or recruiter, this episode is packed with valuable advice to help you navigate and optimize your compensation strategies. Tune in for all this and more on this episode of The Full Desk Experience!______________________Follow Tom Kosnik on LinkedIn: https://www.linkedin.com/in/tkosnik/Check out the Visus Group Website: https://www.visusgroup.com/Follow Crelate on LinkedIn: https://www.linkedin.com/company/crelate/Subscribe to our newsletter: https://www.crelate.com/blog/full-desk-experience______________________Tom Kosnik, founder and president of the Visus Group is one of the staffing industry's leading experts in organizational design, profitability improvement and work culture transformation. With a commitment to empowering staffing firms with the knowledge and tools to help business owners increase the value of their enterprise asset by helping them grow their business. Tom has coached and consulted hundreds of staffing executives throughout North America using his empirical based “Organizational Development Business Model” (ODBM). Most notably, Tom is the founder of the Presidents RoundTable, a nationwide leadership forum program strategically aimed at helping staffing professionals collaborate and solve industry challenges. With over 25 years of consulting experience in the staffing industry, Tom's diverse array of services have helped numerous staffing firms across the country improve their operations and bottom lines. As a RoundTable facilitator, Tom leads real world business problem-solving sessions in which he advises top executives on a variety of matters, including how to make winning business decisions; achieve profitability benchmarking; and reach peak performance through best practices. To date, he has conducted over thousands of RoundTable forums for all types of staffing professionals, including presidents and CEO's, CFO's, CRO's, and CMO's. Throughout the course of his career, Tom has been a frequent speaker for many world-renowned industry organizations and corporate groups, including the American Staffing Association (Staffing World); National Independent Staffing Association (NISA); Illinois Staffing Association (ISSA); California Staffing Professionals (CSP); Missouri and Kansas Search and Staffing Association (MKSSA); and Massachusetts Staffing Association (MSA). He has presented on a variety of topics, including leadership development; strategic planning for small and large staffing firms; compensation planning; best management techniques; and mergers and acquisitions, among countless other topics. Tom's research and expertise has been published in dozens of national industry publications, including Staffing Industry Review; International Human Resource Management Journal; and Chicago Law Journal, just to name a few. Tom holds an M.A. from Bowling Green State University in Organizational Development and a B.A. in Psychology from Seattle University. In addition, he is certified with the Center for Creative Leadership and a leading sales enhancement organization, MH Group. 

960 KZIM
Main Street Compensation Plans Fall As Labor Costs Grow

960 KZIM

Play Episode Listen Later Aug 5, 2024 11:29


San Angelo LIVE! Daily News

Today on LIVE! Daily News, seven dogs need to be saved by 6 p.m. today from the San Angelo Animal Shelter, an earthquake shook San Angelo last night, and a local woman has been nominated for "Latina of Influence."Today's Top Stories: Flamin' Hot Cheetos Inventor Sues Former Company (07/23/2024)CBP Officers Apprehend Man Wanted for Sexual Abuse of a Child (07/23/2024)Biden to Address Nation on Decision to Drop 2024 Reelection Bid (07/23/2024)Wall Star QB Dillard Opts to Sit Out 2024 Football Season (07/23/2024)8 Angelo State Belles Tennis Players Receive Academic Honors (07/23/2024)7 Dogs Face Euthanasia Today (07/23/2024)Native San Angelo Woman Nominated as ‘Latina of Influence' (07/23/2024)Fall Youth Flag Football Registration Still Available (07/23/2024)Texas Tech Athletics Announces 2024 Hall of Fame Class (07/23/2024)VIDEO: Massive Blaze at Odessa Commercial Site Leads To Evacuations (07/23/2024)Dallas Cowboys Superstar Not Expected at Training Camp (07/23/2024)Secret Service Director Resigns After Trump Assassination Attempt (07/23/2024)Large Fire at Odessa Commercial Site Prompts Evacuations (07/23/2024)Rain Expected Across Southern West Central Texas (07/23/2024)Assault with a Deadly Weapon and Evading Arrest Top Booking Report (07/23/2024)Earthquake Shakes San Angelo (07/22/2024)​​San Angelo ISD Approves 2024-25 Compensation Plan (07/22/2024)Lebron James Named Team USA Flagbearer for Paris Olympics (07/22/2024)Violent San Angelo Man Indicted for Beating Father Unconscious (07/22/2024)COVER1: Central Bobcats Head Coach Unleashed (07/22/2024)Jackson was Nicknamed Stonewall Because of This Texas Connection (07/22/2024) 

BreakOut
39 | Adapting GTM for SaaS Transformation - Ernie Hu @ CAST Software

BreakOut

Play Episode Listen Later Jul 16, 2024 36:03


SUMMARY In this episode of the Breakout Podcast, Ernie Hu, who holds a hybrid role of CRO and COO at CAST, shares his extensive experience in the software industry spanning three decades, including 20 years at IBM.  Hu discusses CAST's journey to become the go-to name in software intelligence, referring to it as the MRI for software. He elaborates on the challenges and strategies of transitioning to a SaaS subscription model and the importance of specialization in sales. Hu emphasizes the need for alignment within teams and clear communication from leadership for successful execution. He also reflects on the fresh perspectives brought by private equity ownership and offers advice for aspiring Chief Revenue Officers.  The conversation highlights the evolving sales culture and operational dynamics within a fast-growing, private equity-backed software company. Timestamps: [00:00:00] Defining and Leading a New Category [Cold Open] [00:00:45] Welcome to the Breakout Podcast [00:01:17] Meet Ernie Hu: Career and Role at CAST [00:01:52] Understanding CAST: The MRI for Software [00:04:57] Sales and Market Dynamics in the SaaS World [00:05:20] Specialization and Sales Strategy at CAST [00:13:09] Evolving Sales Culture and Compensation Plans [00:20:22] Private Equity Influence and Business Evolution [00:27:12] Leadership Insights and Final Thoughts Listen to the Breakout Podcast: Apple|Spotify Let us know what else you'd like to hear & see covered: contact@outscout.io Connect with Gareth - https://www.linkedin.com/in/gareth-webb-outscout/  Connect with Ernie - https://www.linkedin.com/in/ernie-hu-6b06a4129/ See how OutScout can help you smash your hiring goals - https://www.outscout.io/

Scale Without Social - Grow Passive Income | Time Management Tips | Financial Advice | Social Media Alternatives | Goal Setti

In this week's podcast, Heather shares her heart and her decisions for moving forward at this time in light of Seint's announcement. If you didn't hear, this Monday Seint announced a change in their compensation plan which directly impacts many amazing women. Each day is new and with it brings new information and feelings, but she wanted to share her heart on this news as well as the conclusions she has come to as to how to move forward. Heather still feels passionate about loving and serving her community and isn't going anywhere out of fear or haste. Episode Highlights:・Heather has felt prompted by her faith to speak openly about recent changes to Seint's compensation plan・Though she feels a mix of sadness and optimism, Heather feels at peace but also concerned for those affected・Please be kind and gracious to those impacted and involved as everyone is navigating this the best they can・It's ok to feel confused, sad, or uncertain・Heather announces her plans moving forward and her intentions with Seint Episode Resources/References: ・Seint's Income Disclosure ・Texting with Project Broadcast ・Easily Edit Your Videos + Podcast ・Get 50% off Stunning Emails Connect with Heather: Called to Lead Telegram Community HeatherKBurge.com heatherkburge@gmail.com You can also text (912) 405-8912 any of these keywords to learn more: CONNECT (to stay in touch on all the things) PODCAST (to get a direct link to the Called to Lead Community) COLORMATCH (to try Seint Beauty) SUMMIT (to join the virtual summit waitlist)

Women in Customer Success Podcast
115 - How to Drive Revenue as a Customer Success Team - Emma Aidanpää-Salmi

Women in Customer Success Podcast

Play Episode Listen Later Jun 12, 2024 40:26 Transcription Available


Are you looking to drive revenue as a customer success team? With Emma, we talk about exactly that along with setting effective team quotas and compensation plans. We also go into Emma's customer success journey. In addition, you'll hear about her customer success team, how it has been achieving the quotas and what works well for her customer success managers.Emma is Vice President of Customer Success at RELEX, building and scaling high-performing CS teams in a hypergrowth business environment. She's passionate about building and scaling a world-class CS team that breaks boundaries and drives outstanding customer value and revenue growth.What you'll learn from this episode:Strategies for driving revenue as a CS teamWhat it means to be entrepreneurial as a CSMHow to set team quotas and compensation plansBuilding business acumen as a Strategic Customer Success ManagerAlthough what first comes to mind about Customer Success is customer retention, advocacy and enablement, it's worth highlighting that revenue growth is also among those main goals - hand in hand with efficiency improvement. So, make sure you put this episode of the Women in Customer Success podcast on your playlist and make use of the things we cover in it. Follow Emma! This episode was brought to you by Deployflow.__________________________________________________About Women in Customer Success Podcast: Women in Customer Success Podcast is the first women-only podcast for Customer Success professionals, where remarkable ladies of Customer Success connect, inspire and champion each other. Follow:Women in Customer Success - Website - womenincs.co - LinkedIn - linkedin.com/company/womenincs - Instagram: https://www.instagram.com/womenincs.co/ - Podcast page - womenincs.co/podcast - Sign Up for PowerUp Tribe - womenincs.co/powerup Host Marija Skobe-Pilley - Website - https://www.marijaskobepilley.com/ - LinkedIn - https://www.linkedin.com/in/mspilley/ - Coaching with Marija: http://marijaskobepilley.com/programs - Get a FREE '9 Habits of Successful CSMs' guide https://www.marijaskobepilley.com/9-habits-freebie

Badass Direct Sales Mastery
Jeff Jordan & Colton Anson: How to Maximize Your Compensation Plan

Badass Direct Sales Mastery

Play Episode Listen Later May 24, 2024 34:11


About Jeff Jordan:For over 30 years Jeff has been an integral part of the Direct Sales/Network Marketing Industry. Jeff has served as a successful distributor, corporate executive, and consultant. He has consulted with over 300 Direct Sales/MLM companies helping them grow their business into a successful enterprise. Jeff has written dozens of compensation plans designed with fairness to both distributors and companies.He started in the industry as an independent distributor and within a few short months had achieved top ranks. After a successful run as a top distributor, Jeff joined the top Network Marketing training company (Millionaires in Motion) as VP of Sales and later became Executive VP.Jeff went on to become a top consultant, specializing in sales, top distributor recruitment programs, as well as compensation plans and training programs.Now Jeff leads MLM-CC.com a unique Direct Sales/Network Marketing compensation design and Analytics Company as President. With their proprietary software, they are able to analyze a company's compensation plan and make recommendations to strengthen their plans.About Colton Anson:Colton Anson is an integral part of the Business Development Team for Uforek and is joining us today to share his experience of being a part of the compensation plan development.In this episode, Jennie Bellinger, Jeff Jordan, and Colton Anson discuss:Managing relationships and expectations with customers, team members, and potential recruits in the direct sales industryThe importance of compensation plans in driving desired behaviors and rewarding distributorsA unique binary compensation plan that addresses the disadvantages of traditional binary plansVarious bonuses and opportunities for individuals to earn income at different levels of commitmentThe launch of Uforek, a new network marketing company with a range of products and a unique compensation planKey Takeaways:Understanding the intricacies of a compensation plan can help distributors maximize their income potential and achieve success in their business.Uforek's modified binary compensation plan is designed to be more distributor-friendly, particularly for new members, by offering various bonuses and opportunities to earn money while building their binary.The compensation plan caters to individuals at different levels of commitment, from new members to serious business builders and leaders, allowing them to earn income according to their efforts.Uforek offers a range of products, including weight loss caramels, nootropics for cognitive performance, and CBD, which have been developed with the involvement of the speaker's father.The creators of Uforek have brought on experienced professionals, such as Jenny Bellinger, to help train and represent the company, thanks to the impressive team and products."They think [a comp plan is] all about numbers and charts, and it's really not. It's really about helping people get into a business and find success in that business.” — Jeff Jordan Connect with Jeff Jordan:Website: https://jeffjordandirectsales.com/LinkedIn: https://www.linkedin.com/in/jeffjordanmlm/Connect with Colton Anson:Instagram: https://www.instagram.com/anson.colton?igsh=aDU5N2Eyc3RzM2JmCONNECT WITH JENNIE:Website: https://badassdirectsalesmastery.com/Email:  jennie@badassdirectsalesmastery.comFacebook personal page: https://facebook.com/jbellingerPLFacebook podcast page: http://facebook.com/BadassDirectSalesMasteryFacebook group for Badass Crew: https://facebook.com/groups/BadassDirectSalesMomsInstagram: https://instagram.com/BadassDirectSalesMasteryPersonal Instagram: https://instagram.com/jenniebellingerLinkedIn: https://linkedin.com/in/BadassDirectSalesMasteryShow Notes by Podcastologist: Hanz Jimuel AlvarezAudio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

What's Next
Hugh & Grace Compensation Plan with Craig Colyar Senior VP

What's Next

Play Episode Listen Later Apr 23, 2024 32:53


Senior Vice President and compensation master Craig Colyar talks all about the the power of the Hugh & Grace business model and the competitive advantages of its compensation plan. His experience in the industry is unmatched and this episode will excite your bank account.Find us at hughandgrace.com  On Instagram @hughandgrace       On Facebook @HughandGrace   Email us at customercare@hughandgrace.com Music: Realize your dreams by Sergio Prosvirini

Predictable Revenue Podcast
343: Crafting Sales Compensation Plans with Graham Collins

Predictable Revenue Podcast

Play Episode Listen Later Apr 18, 2024 50:00


This time, we're diving into the nuanced world of startup sales compensation with Graham Collins, Head of Partnerships at QuotaPath. Their journey through startup sales landscapes reveals the delicate balance between incentivizing sales professionals and aligning with the company's growth trajectory. Highlights include: 100% Commission Roles? (01:00), Different Factors that Affect Compensation Plans (05:07), The Right Fit? (08:43), "The Quota is More of a Function of The Sales Cycle" (14:36), And more… Are you looking to create repeatable, scalable, and predictable revenue? We can help! ► https://bit.ly/predictablerevenuecoaching

Shaklee TV
Why We Love the New Shaklee Compensation Plan

Shaklee TV

Play Episode Listen Later Apr 10, 2024 5:37


WTF Gym Talk
The 50/30/20 Rule For Creating Compensation Plans

WTF Gym Talk

Play Episode Listen Later Mar 27, 2024 7:09


So you're going to pay your general manager X-amount of dollars because you feel it's fair. But how are you actually justifying the compensation beyond what you can afford? Here's a quick and easy way to establish fair compensation amounts. --- Send in a voice message: https://podcasters.spotify.com/pod/show/wtfgymtalk/message

Keep What You Earn
Compensation Plans - Commission or Flat Rate?

Keep What You Earn

Play Episode Listen Later Mar 21, 2024 20:05


In this episode, Shannon delves into the complexities of compensation planning, particularly exploring the dilemma of choosing between commission-based or flat-rate compensation plans. Unraveling the intricacies of cash flow forecasts, she provides practical insights and strategic considerations for structuring compensation packages that align with business goals and attract top talent. Drawing from her own experiences and industry knowledge, Shannon presents a compelling case for customizing compensation plans to suit individual roles and organizational needs. Tune in to gain valuable tips for making informed decisions and optimizing your business's financial health.   What you'll hear in this episode: 04:49 Structure compensation based on direct revenue impact. 07:51 Hybrid base plus commission model for sales. 13:34 Commission-based work can simplify implementation. Flat rate or unit-based payment may be easier. Triple your time estimate for others. 17:04 Move away from hourly billing to a flat rate.   If you like this episode, check out: Is Hiring Your Family the Right Thing to Do? Mastering Recruitment: Marketing Strategies with ShannonHow My Dad's Advice Shaped My Career and Business Success   Want to learn more so you can earn more? Tax Deduction Guide: https://www.keepwhatyouearn.com/tax-deduction-guide Visit keepwhatyouearn.com to dive deeper on our episodes Visit keepwhatyouearncfo.com to work with Shannon and her team Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/   The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.  

SK Wealth's Solutions & Knowledge podcast
Long-term Strategies for Complex Compensation Plans - Episode 49

SK Wealth's Solutions & Knowledge podcast

Play Episode Listen Later Mar 11, 2024 15:23


Moving into the executive suite is exciting, as is the compensation you'll be receiving for the extra responsibility you're taking on. Executive compensation plans are constructed to make sure you're well taken care of, but they can be complicated. It's up to you to understand the details in order to make the most out of these new compensation insturments and benefits. This week, Andrew and Mac look into the ways long-term executive compensation plans protect your reputation and financial well-being while explaining the more detailed tax issues so you can make sound decisions about your financial future. Remember to subscribe for more weekly insights from the pros over at SK Wealth!

Ropes & Gray Podcasts
A Word for Our Sponsors: Contours of a Good Compensation Plan

Ropes & Gray Podcasts

Play Episode Listen Later Mar 8, 2024 30:55


On this episode of Ropes & Gray's podcast series, A Word for Our Sponsors, Deb Lussier, a co-leader of the sponsor solutions practice, and Yoni Levy, a partner in the asset management practice, explore employment and compensation decisions among private equity firms and other alternative asset managers. To provide additional insights and to help them navigate the discussion, they are joined by Jonathan Goldstein, the regional managing partner for the Americas in the private equity practice at Heidrick & Struggles.

Government Contracting Officer Podcast
447 - Professional Compensation Plans with Joe Luetke

Government Contracting Officer Podcast

Play Episode Listen Later Mar 1, 2024 2:35


The government buys lots of services…but not all service contracts work the same way. There are personal services, non-personal services, Service Contract services, advisory services, and so on. We have a whole podcast playlist just for service contracts.One common type of services is Professional Services. These services are defined as having a “recognized status based upon acquiring professional knowledge through prolonged study.” In other words, these are skilled services that require expertise, education, and/or time to master.  The level of expertise, education and time can impact how much a “professional” is paid for said services. How then does the government know what a reasonable rate is for these services?Enter: The Evaluation of Compensation for Professional Employees (52.222-46).This clause is critical for evaluating professional services. As the government continues to rely on professional expertise of contractors, both government and industry need to understand the requirement for, and application of, this clause. In this episode, Kevin is joined by Joe Luetke from Skyway to explain the why, how and what of the Professional Compensation clause.

Thrivetime Show | Business School without the BS
Entrepreneur | Creating Compensation Plans

Thrivetime Show | Business School without the BS

Play Episode Listen Later Feb 15, 2024 103:54


Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE: https://www.thrivetimeshow.com/business-conferences/   See the Thousands of Success Stories and Millionaires That Clay Clark Has Helped to Produce HERE: https://www.thrivetimeshow.com/testimonials/   Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com)   Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire   See Thousands of Actual Client Success Stories from Real Clay Clark Clients Today HERE: https://www.thrivetimeshow.com/testimonials/   See Thousands of Case Studies Today HERE:  www.thrivetimeshow.com/does-it-work/  

Live Better. Sell Better.
Unlocking Wealth: The Art of Making Money Work for You with Stacie Sussman

Live Better. Sell Better.

Play Episode Listen Later Feb 15, 2024 36:42


Unlock the secrets to making your money work for you in this episode of the Live Better, Sell Better podcast, hosted by Kevin Dorsey. Join us as Kevin welcomes Stacie Sussman, CRO at RevUp Advisory, to delve into the world of financial wisdom and unconventional investments. Stacie shares her journey of realizing the need for a different approach to money management, sparking a transformation that led her to educate herself through books, podcasts, and lectures on non-traditional investments. Discover the power of finding a passion or side hustle and investing in it, a strategy that Stacey passionately advocates. In this episode, you'll learn: - The significance of investing in coaching or programs to enhance skills related to your side hustles. - How networking and community involvement can open doors to new opportunities and shape your world. - Strategies for turning your side hustle into a full-time business or exploring joint ventures with friends. - Insightful perspectives on investing in "boring" businesses like laundromats or car washes for stable cash flow. - Tips for generating surplus cash and venturing into unique assets like artwork with potential for appreciation. Stacie and Kevin highlight the importance of surrounding yourself with like-minded individuals to expand your circle and create possibilities. The episode concludes with a summary of various investment opportunities, including art and real estate, and emphasizes the role of education, professional consultation, and starting small in the world of finance. Don't miss this chance to gain actionable insights and discover unconventional paths to financial success. Customize your approach to money management and take the first step towards unlocking your full financial potential! The key moments in this episode are: 0:00:00 intro 0:00:47 Putting Your Money to Work 0:02:10 Realizing the Need for Financial Change 0:03:34 Exploring Financial Investment Opportunities 0:04:49 Investing Strategies for Sales Professionals 0:07:14 Investing in Side Hustles: Time, Networking, and Calculated Risks 0:12:04 Building a Network for Success 0:14:23 Transitioning from Side Hustle to Full-Time Business 0:17:14 The Impact of Compensation Plans on Leadership 0:18:20 Exploring Small Business Opportunities 0:20:50 Leveraging Technology and Investments for Financial Success 0:22:33 Investment Options Beyond Traditional Methods 0:28:56 Maximizing Income through Tax Strategies and Investments 0:29:49 Starting the Investment Process 0:32:05 Creating Wealth and Happiness through Passion

How I Turned The Corner
Fair Pay, Happy Team: Crafting Effective Compensation Plans

How I Turned The Corner

Play Episode Listen Later Feb 13, 2024 3:43


Compensation plans are like the rulebook for how businesses distribute pay to their employees. Compensation plans cover everything from your basic salary to bonuses, perks, and benefits that make a job more than just a paycheck. Think of them as the playbook for keeping everyone happy and paid fairly. They're not just about following the law and avoiding messy legal battles over pay; they're also about showing employees they're valued and keeping them motivated to do their best work. When folks feel like they're getting a fair shake, they're more likely to stick around, give their all, and even spread the good word about your company. Plus, throwing in some performance-based incentives can really light a fire, pushing the whole team to feel more motivated.In this episode, Kendra shares how you will be able to:Understand the importance of compensation strategy for business success.Discover the importance of equal pay for your workforce.Learn effective ways to manage compensation gaps in your organization.Gain insights on how to avoid discrimination lawsuits to protect your business.Explore the benefits of conducting fair pay studies for a motivated workforce.//WHEN YOU'RE READY, HERE'S HOW WE CAN HELP YOU//TAKE THE FREE 5-MINUTE EMPLOYEE ENGAGEMENT ASSESSMENThttps://turningthecornerllc.com/hr/employee-engagement/assessment/DOWNLOAD A FREE SELF-ASSESSMENT:https://turningthecornerllc.com/free-assessment/SCHEDULE A CALL WITH A HUMAN RESOURCES CONSULTANThttps://turningthecornerllc.com/LISTEN TO OUR PODCASTApple Podcasts:https://podcasts.apple.com/us/podcast/how-i-turned-the-corner/id1637875430Spotify:https://open.spotify.com/show/2S4sGuOSeXWXIKY7zMW1p5Google Podcast:https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5wb2RldGl6ZS5jb20vcnNzL05lTUhWV0tSSQiHeart Radio:https://www.iheart.com/podcast/269-how-i-turned-the-corner-100448118/HIRE KENDRA AS A CONSULTANT OR KEYNOTE SPEAKERhttps://kendraprospero.com/

SK Wealth's Solutions & Knowledge podcast
Compensation Plans for Your Business - Episode 42

SK Wealth's Solutions & Knowledge podcast

Play Episode Listen Later Jan 22, 2024 8:27


  Welcome to our latest episode! Today Mac and Jason discuss developing compensation plans for your business. Your team is vital to your success and making sure they are compensated fairly and offered attractive benefits that meet their needs as well your business goals is important. But offering competitive compensation without jeopardizing your bottom line can be a delicate balance. In this episode we'll go over the components of effective compensation packages, take you through a series of steps to help simplify the process, and offer some advice to keep in mind as you begin to construct your plans. Tune in to learn how to make your team feel valued while aligning with your company's growth and profitability goals. And don't forget to hit that subscribe button for more business solutions from the pros at SK Wealth! Resources mentioned in this episode: How to Create a Desirable Compensation Plan from Business News Daily.  

PT Legends
Episode 129: The 4 Main Roles and Compensation Plans To Hit 30-50% Net Profit

PT Legends

Play Episode Listen Later Jan 10, 2024 48:38


Have you ever found yourself caught in the relentless pursuit of maximizing profits for your gym business? Picture this: the struggle to hit that golden 30-50% net profit mark, a challenge that resonates with gym owners far and wide.In this episode, we unravel a solution that might just be simpler than you've imagined. Tune in to Gym Owner Freedom as we embark on an exploration of the "4 Main Roles and Compensation Plans To Hit 30-50% Net Profit." This discussion is your key to unlocking the untapped financial potential within your gym.

Run The Numbers
E23: Everything You Need to Know About Sales Rep Comp and Commissions Planning with Ryan Walsh, CEO of RepVue

Run The Numbers

Play Episode Listen Later Jan 3, 2024 51:25


In this episode, CJ Gustafson interviews Ryan Wash the Founder and CEO of RepVue whose mission is to help sales pros find the best companies to work for and ensure they're paid fairly. Ryan gives CJ a data-driven inside look into sales capacity, planning models, and sales rep commission plans. Tropic is the next-generation Procurement Platform that's helping modern CFOs take control of their budgets and bottom line, head to www.tropicapp.io/metrics --- SPONSORS: Tropic is the next-generation Procurement Platform that's helping modern CFOs take control of their budgets and bottom line. By combining approval workflows, supplier management, and pricing benchmarks all in one place, Tropic makes savings opportunities easy to find and act on.

The Boutique with Collective 54
Episode 152 – A Model for Design Sales Incentive Compensation Plans for Boutique Professional Service Firms

The Boutique with Collective 54

Play Episode Listen Later Dec 22, 2023 17:07


In this session, join Collective 54 member John Kearney, Founder at The Buyer's Way, as he discusses how to build compensation plans for the sales function inside a boutique pro serv firm. He will share how the comp plans need to change as a firm migrates from founder-led sales to a part-time sales force to a mature fully function commercial sales team. Learn how to figure out how much to pay, the proper split between salary and commission, the measures to pay commission on, and the costly mistakes to avoid.   https://www.collective54.com

E23: Everything You Need to Know About Sales Rep Comp and Commissions Planning with Ryan Walsh, CEO of RepVue

Play Episode Listen Later Dec 14, 2023 51:18


In this episode, CJ Gustafson interviews Ryan Wash the Founder and CEO of RepVue whose mission is to help sales pros find the best companies to work for and ensure they're paid fairly. Ryan gives CJ a data-driven inside look into sales capacity, planning models, and sales rep commission plans. Tropic is the next-generation Procurement Platform that's helping modern CFOs take control of their budgets and bottom line, head to www.tropicapp.io/metrics --- SPONSORS: Tropic is the next-generation Procurement Platform that's helping modern CFOs take control of their budgets and bottom line. By combining approval workflows, supplier management, and pricing benchmarks all in one place, Tropic makes savings opportunities easy to find and act on.

Financial Advisor Success
Ep 362: Developing Associate Advisor Compensation Plans And Career Tracks To Scale Capacity Past $1.5B AUM with Jeff Brown

Financial Advisor Success

Play Episode Listen Later Dec 5, 2023 93:48 Very Popular


Jeff Brown is the President of Stratos Private Wealth, an RIA based out of San Diego that oversees nearly $1.5 billion in assets under management for over 350 households. Jeff's firm stands out for its innovative career track system, which features well-defined performance indicators across three levels to systematically guide junior advisors toward becoming lead advisors. This unique structure not only clarifies the path to leadership, but also fosters the firm's ability to cultivate senior advisors from within. Listen in as Jeff discusses his firm's strategy of generating leads for advisors to enhance client retention and explores their unique performance review system alongside growth tactics like client referrals, content creation, and acquisitions. Jeff also reflects on his journey from a wirehouse to embracing the supported independence of Stratos Wealth Partners, the pivotal career lessons from a challenging partnership breakup that now guide his approach to forming partnerships and operations agreements, and the importance of setting ambitious goals early in one's career. For show notes and more visit: https://www.kitces.com/362

The Un-Billable Hour
Community Table: A Compensation Plan For Associate Referrals

The Un-Billable Hour

Play Episode Listen Later Nov 14, 2023 32:19


In this episode's discussions around the Community Table:  We start with an attorney who wants to create a fair referral compensation policy for his associate, a “grinder” who does everything asked. Recently, through a contact, the associate started bringing in new business. How does a firm set up a referral fee schedule? What's fair to the associate and the firm? How to create effective, inviting “meet the attorney” videos as a relationship-building step with potential clients. What to include? What topics? How personal? Where do you post them on your website, or do you control when a potential client sees these?  When it's time for a managing attorney or a director of operations, start by understanding the duties of each position and the experiences needed. One position requires a background in law; the other needs experience running a business (that includes facilities management, finance, and the overall operation of your office).  Mentioned in This Episode: Robert's previous appearance on the Community Table “Community Table: Using Vacations to Strengthen Company Culture” WizeHire Legal Recruiting  LinkedIn Talent Solutions Join the next Community Table live. What's on your mind?

SK Wealth's Solutions & Knowledge podcast
SK Wealth Solutions and Knowledge Podcast - Episode 37 - A Guide to Nonqualified Deferred Compensation Plans

SK Wealth's Solutions & Knowledge podcast

Play Episode Listen Later Nov 13, 2023 15:07


Welcome to the latest episode of the SK Wealth Solutions and Knowledge podcast. Join Rebecca Allen and Andrew Cayer, Certified Financial Planners at SK Wealth Management, as they explore Non-Qualified Deferred Compensation plans. They'll discuss the ins and outs of these plans, draw from real-life experiences, and provide savvy strategies to reduce your tax liabilities and enhance your retirement savings. Additionally, they'll shed light on methods to safeguard your financial future from employer bankruptcies through the use of insurance policies. If you're a high earner or seeking intelligent retirement planning, this episode is tailor-made for you. Be sure to hit that subscribe button for more pearls of wisdom from SK Wealth

Cherokee Tribune-Ledger Podcast
$2.6M State Grant to Fund Repaving Roads in Cherokee

Cherokee Tribune-Ledger Podcast

Play Episode Listen Later Nov 11, 2023 13:43


CTL Script/ Top Stories of November 11th      Publish Date: November 10th  Henssler :15  From the Henssler Studio Welcome to the Award-Winning Cherokee Tribune Ledger Podcast  Today is Saturday, November 11th and Happy heavenly Birthday to General George Patton. ***PATTON*** I'm Keith Ippolito and here are the stories Cherokee is talking about, presented by Credit Union of Georgia.  $2.6M State Grant to Fund Repaving Roads in Cherokee Cherokee County Buying More CATS Propane Buses Cherokee County and Waleska Approve Growth Boundary Agreement   We'll have all this and more coming up on the Cherokee Tribune-Ledger Podcast, and if you're looking for Community news, we encourage you to listen and subscribe!    Commercial: CU of GA – DRAKE    STORY 1: $2.6M State Grant to Fund Repaving Roads in Cherokee Cherokee County in Georgia is set to receive $2.6 million in state funding from the 2024 Georgia Department of Transportation Local Maintenance Improvement Grant (LMIG) to repave nearly three dozen roads. The grant comes with a 30% county match of $798,854, and the county is contributing an additional $127,695 to repave more roads. The county match is funded with Special Purpose Local Option Sales Tax dollars. The Board of Commissioners unanimously approved a list of roads totaling 14.167 miles for GDOT consideration. The project is expected to be bid in the first quarter of 2024, with completion in the summer of 2024. STORY 2: Cherokee County Buying More CATS Propane Buses The Cherokee County Board of Commissioners in Georgia has approved the purchase of four propane-powered shuttle buses for the Cherokee Area Transportation System. Two buses will replace existing gasoline-powered ones, while the other two will expand the fleet. Each bus can accommodate 14 passengers. The total cost of the buses from ABC Bus, Inc. is $610,632, with the Federal Transit Administration funding 85% of the purchase ($519,037.20). The county will cover the remaining 15% ($91,594.80) through Special Purpose Local Option Sales Tax funds. The new buses are expected to be delivered in spring 2024.     STORY 3: Cherokee County and Waleska Approve Growth Boundary Agreement Cherokee County and Waleska leaders have unanimously approved a 10-year growth boundary agreement. Under this agreement, the city of Waleska will limit annexations within a specified area, and the county will not oppose annexations within that area. While parcels within the growth boundary are not automatically eligible for annexation, they must still meet state law requirements. The growth boundary encompasses areas along Reinhardt College Parkway, Land Road, and Fincher Road. Both entities have also approved a memorandum of understanding outlining protocols for the growth boundary agreement, aligning character areas and land use plans within the designated area.   We have opportunities for sponsors to get great engagement on these shows. Call 770.874.3200 for more info.    Back in a moment  Break: ESOG – DAYCO – HELLER LAW   STORY 4: Waleska Voters Say 'Yes' to Sunday Alcohol Sales Waleska voters approved two ballot referendums on Sunday alcohol sales, both passing with 70.37% support from the 27 people who voted, constituting 13.99% of the city's 193 registered voters. The first allows licensed businesses in Waleska to serve malt beverages, wine, and distilled spirits on Sundays between 12:30 p.m. and 11 p.m. The second permits package sales of these beverages during the same hours on Sundays. Before businesses can implement Sunday alcohol sales, city leaders must update the municipal code of ordinances to align with the referendums' passage.   STORY 5: Holly Springs Leaders Considering Raises for City Employees The Holly Springs City Council is considering a 4.5% salary increase for all city employees, incorporating a 2% base salary raise and a 2.5% step increase. The proposed raises, totaling $95,000, are part of an annual market adjustment recommended by Condrey and Associates, Inc., the firm that updated the city's Employee Classification and Compensation Plan last year. The council is set to vote on the raises on November 20, and if approved, they would take effect on January 1, 2024.     Commercial: CHEROKEE CHAMBER - ELON – INGLES 3     STORY 6: Cherokee County Leaders Table Decision on Outdoor Storage Expansion The Cherokee County Board of Commissioners has once again postponed a decision on the request by Cumming Highway Storage to modify zoning conditions for expanding its storage business on Highway 20. The commissioners unanimously voted to table the decision until the November 21 meeting, as the attorney representing the applicant was unable to attend the recent meeting. The property in question, rezoned in 2019, is seeking to eliminate certain conditions to permit outdoor storage, revise the site plan, and add more storage space for boats and RVs. The commissioners had previously deferred a decision in October after residents expressed concerns about light pollution and other issues.   STORY 7: Woodstock Student Receives Optometry Scholarship Shelby Geiger, a first-year student pursuing a Doctor of Optometry degree at Southern College of Optometry in Memphis and hailing from Woodstock, received the SCO Alumni Endowed Scholarship award, amounting to an annual scholarship of $3,000 throughout her four-year doctorate program. The scholarship is awarded to an optometry student with at least a 3.0 GPA during their undergraduate studies or a minimum score of 320 on the Optometry Admission Test. Geiger, a graduate of Sequoyah High School and the University of Georgia, is the daughter of David and Angie Geiger.     We'll have closing comments after this.    COMMERCIAL: Henssler 60    SIGN OFF –   Thanks again for listening to today's Cherokee Tribune Ledger podcast. . If you enjoy these shows, we encourage you to check out our other offerings, like the Marietta Daily Journal Podcast, the Gwinnett Daily Post, the Community Podcast for Rockdale Newton and Morgan Counties, or the Paulding County News Podcast. Get more on these stories and other great content at tribune ledger news.com. Giving you important information about our community and telling great stories are what we do.     Did you know over 50% of Americans listen to podcasts weekly? Make sure you join us for our next episode and be sure to share this podcast on social media with your friends and family. Add us to your Alexa Flash Briefing or your Google Home Briefing and be sure to like, follow, and subscribe wherever you get your podcasts.    www.henssler.com  www.ingles-markets.com  www.esogrepair.com  www.daycosystems.com  www.powerselectricga.com  www.elonsalon.com  www.jeffhellerlaw.com  www.drakerealty.com www.cherokeechamber.com Cumming Fair  #NewsPodcast #CurrentEvents #TopHeadlines #BreakingNews #PodcastDiscussion #PodcastNews #InDepthAnalysis #NewsAnalysis #PodcastTrending #WorldNews #LocalNews #GlobalNews #PodcastInsights #NewsBrief #PodcastUpdate #NewsRoundup #WeeklyNews #DailyNews #PodcastInterviews #HotTopics #PodcastOpinions #InvestigativeJournalism #BehindTheHeadlines #PodcastMedia #NewsStories #PodcastReports #JournalismMatters #PodcastPerspectives #NewsCommentary #PodcastListeners #NewsPodcastCommunity #NewsSource #PodcastCuration #WorldAffairs #PodcastUpdates #AudioNews #PodcastJournalism #EmergingStories #NewsFlash #PodcastConversations   See omnystudio.com/listener for privacy information.

Cherokee Tribune-Ledger Podcast
Holly Springs Leaders Considering Raises for City Employees

Cherokee Tribune-Ledger Podcast

Play Episode Listen Later Nov 10, 2023 2:16


From the Ingles Studio this is your news minute on the Cherokee Tribune Ledger Podcast presented by The BG AD Group. Today is Friday, November 10thand I'm Keith Ippolito. Holly Springs Leaders Considering Raises for City Employees The Holly Springs City Council is reviewing a proposal for a 4.5% salary increase for all city employees, scheduled for a vote on Nov. 20. The raise comprises a 2% base salary increase and a 2.5% step increase. To maintain competitiveness, Condrey and Associates, Inc. suggests an annual market adjustment. The adjustment, reflecting current market conditions, would apply as a general percentage salary increase. If approved, the raises, totaling $95,000, will be effective from Jan. 1. The city aims to keep its Employee Classification and Compensation Plan up-to-date and competitive in the job market. For more news about our community, visit tribuneledgernews.com. For the Tribune Ledger Podcast I'm Keith Ippolito. www.bgpodcastnetwork.com www.ingles-markets.com www.henssler.com  www.darbyfuneralhome.com www.esogrepair.com #NewsPodcast #CurrentEvents #TopHeadlines #BreakingNews #PodcastDiscussion #PodcastNews #InDepthAnalysis #NewsAnalysis #PodcastTrending #WorldNews #LocalNews #GlobalNews #PodcastInsights #NewsBrief #PodcastUpdate #NewsRoundup #WeeklyNews #DailyNews #PodcastInterviews #HotTopics #PodcastOpinions #InvestigativeJournalism #BehindTheHeadlines #PodcastMedia #NewsStories #PodcastReports #JournalismMatters #PodcastPerspectives #NewsCommentary #PodcastListeners #NewsPodcastCommunity #NewsSource #PodcastCuration #WorldAffairs #PodcastUpdates #AudioNews #PodcastJournalism #EmergingStories #NewsFlash #PodcastConversations #podcast #podcasts #podcaster #podcastlife #podcastshow #podcasting #podcasters #podcastersofinstagram #itunes #applepodcasts #spotifypodcast #soundcloud #youtube #radio #radioshow #comedy #music #hiphop #art #entrepreneur #covid #motivation #interview #repost #loveSee omnystudio.com/listener for privacy information.

Money Grows on Trees: the Podcast
Lloyd Interviews the Amazing Gavin Topp

Money Grows on Trees: the Podcast

Play Episode Listen Later Oct 22, 2023 37:59


Hey there, my money-minded friends! Get ready to dive into another episode of Money Grows On Trees: The Podcast with your host, Lloyd Ross! In this electrifying installment, Lloyd sits down with a truly incredible guest, the one and only Gavin Topp. Now, Gavin might be known for his boxing career, but let me tell you, he's so much more than that. He's a mentor, a world-changer, and a true powerhouse when it comes to helping people unlock their full potential. In this episode, you'll hear how Gavin's guidance and mentorship have been instrumental in Lloyd's own success. They'll talk about the importance of breaking free from societal norms and pursuing your dreams with everything you've got. And hey, guess what? Gavin even hints at doing an episode on his own podcast! How cool is that? But it doesn't stop there, folks! Lloyd and Gavin dig deep into the fears that hold us back from chasing after our goals, and they offer up some powerful advice to those itching to do something different, something extraordinary. They share their thoughts on achieving true wealth and happiness, and how money is only valuable when it's earned in a way that aligns with your deepest values. Hold onto your hats, because they also discuss the thrilling journey of personal growth and skill development that leads to greater profits in both business and investing. It's a game-changer, my friends! And let's not forget the importance of facing challenges head-on and pushing ourselves outside of our comfort zones. That's where the real magic happens! Oh, but it doesn't end there, folks. Lloyd and Gavin give a shout-out to a mind-blowing program where participants have their first fight as a qualifier. Can you imagine the power and transformation that takes place? And they talk about the need to let go of old thinking and lifestyles in order to truly grow and evolve. We can't forget about the juicy details, my friends. Lloyd spills the beans about redefining wealth and having enough money to do what you love, with residual income instead of being chained to that dreaded nine-to-five job. They'll share some wild visions of adventure in the heart of Africa and the excitement of documenting it all. Plus, Lloyd and his partner have been on this incredible journey with Gavin, having a blast along the way. So, my money-hungry listeners, get ready to strap in and soak up all the wisdom, inspiration, and life-changing strategies that Lloyd and Gavin have in store for you. It's time to grow, to challenge yourself, and to create a life that goes way beyond the ordinary. Stay tuned for a podcast episode that will leave you energized, motivated, and ready to make money grow on trees! Money Grows on Trees Team

Badass Direct Sales Mastery
Patrick Shaw: Tech Isn't Always Duplicatable for Your Team

Badass Direct Sales Mastery

Play Episode Listen Later Oct 2, 2023 39:34


If you're feeling frustrated and overwhelmed by the lack of success in your network marketing efforts, despite all the time and energy you've invested, then you are not alone! You may be tirelessly reaching out to potential prospects, but facing rejection after rejection. Instead of the desired outcome, you may be experiencing stagnant growth in your team and minimal sales. It's time to reassess your approach and discover the power of simplicity and authenticity in network marketing. About Patrick Shaw:Patrick Shaw is the CEO of RapidFunnel, a leading tech platform in the Authentic Sharing Technology (AST) space. With a team of 70 employees across nine countries, RapidFunnel has become the preferred technology for large enterprise companies in and outside of the network marketing industry. Patrick's journey began in network marketing in 1995, and he realized that technology was hindering authenticity and simplicity in the industry. This led him to create AST, and in 2014, he launched the RapidFunnel App, known for its simplicity and effectiveness in prospecting and follow-ups. The app serves over 100 international network marketing companies in over 20 languages. Patrick is not only a successful entrepreneur but also enjoys outdoor activities and is passionate about comic books. As a thought leader in network marketing, his insights on AST are valuable for anyone interested in the industry. In this episode, Jennie and Patrick discuss:Simplicity and Authenticity in Network MarketingSimplicity and authenticity within network marketing are crucial for success, as they emphasize individual connections over complex digital marketing strategies. The Impact of Technology on Network MarketingTechnology plays a vital role in simplifying network marketing procedures and enhancing individual connections. With the advent of mobile-first strategies, network marketers are equipped with tools for effective onboarding, social media marketing, and data retention. Compensation Plan and Structure in Network MarketingUnderstanding the compensation plan and structure in network marketing is essential as it helps network marketers progress and assists others in the organization.  In this episode, you will be able to:Realize the power of simplicity and authenticity in winning the network marketing game.Grasp the compensation plan and structure's nuances in network marketing, and its profound effects on your bottom line.See how technology has become the wind beneath the wings of successful network marketers.Understand the pivotal role of leadership in building a prosperous network marketing venture.Develop effective prospecting and follow-up skills to propel your network marketing endeavors to new horizons. "Network marketing is about changing lives. It's about helping people believe that anything is possible. Keep the focus on sponsoring, not just recruiting, and empower others to achieve success." – Patrick Shaw CONNECT WITH PATRICK:Facebook Business Page: https://www.facebook.com/rapidfunnelLinkedIn URL: https://www.linkedin.com/in/patrick-shaw-00b27a13/CONNECT WITH JENNIE:Website: https://badassdirectsalesmastery.com/Email:  jennie@badassdirectsalesmastery.comFacebook personal page: https://facebook.com/jbellingerPLFacebook podcast page: http://facebook.com/BadassDirectSalesMasteryFacebook group for Badass Crew: https://facebook.com/groups/BadassDirectSalesMomsInstagram: https://instagram.com/BadassDirectSalesMasteryPersonal Instagram: https://instagram.com/jenniebellingerLinkedIn: https://linkedin.com/in/BadassDirectSalesMastery  Show Notes by Podcastologist: Hanz Jimuel Alvarez Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

The Sales Management. Simplified. Podcast with Mike Weinberg
It's Really Hard to Out-Manage a Stupid Sales Compensation Plan

The Sales Management. Simplified. Podcast with Mike Weinberg

Play Episode Listen Later Jun 22, 2023 28:05


In Episode 54 Mike continues the series on Common Sales Leadership Sins, and this time he touches the “third rail” — compensation!   If you have complacent salespeople, Mike argues that the very first place to look is at the compensation plan... And he claims to be the very first person to discover and publicly declare that the words COMPensation and COMPlacency start with the same four letters!   As the sales leader, you may be the very best at selecting and developing talent, arming, equipping, and enabling your team, coaching on sales skills and deals, and even at holding people accountable, BUT if your sales comp plan is incentivizing the wrong behaviors and is not driving the desired results, then you have a massive problem.   Mike unpacks his three big pet peeves when it comes to comp plans:   1. Plans that are too flat (not enough difference between what top and bottom-performers “earn”)   2. “Commission Annuities” (commission in name only, commission that really isn't variable, or paying people in perpetuity to service/renew accounts for deals that were sold years ago)   3. Not rewarding New Sales (paying the same rate/percentage in variable comp for renewing/servicing existing business as for the heavy lifting to develop true new business - major cross-sell/up-sell victories or acquiring net new customers)   Resources mentioned in this episode:   Mike's Article:  4 Very Common Causes for Lack of New Opportunity Creation    Supercharge Your Sales Leadership, October Event in Atlanta. Only 2 VIP and 21 full-day intensive spots remain available