 | The Family Business Compensation Handbook |
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Product Description
The Family Business Compensation Handbook, published by Family Business Magazine, offers perceptive and practical advice on rewarding and motivating family and non-family employees in family-owned companies.
Written expressly for company owners, managers and advisers, the Handbook fills a critical information gap. Traditional compensation resources don't address issues that commonly arise in family firms, where questions about proper pay structures are intertwined with concerns about inadvertently fostering family rivalries or the desire to distribute wealth to loved ones.
The Handbook provides easy-to-follow expert advice from 50 leading family business consultants, compensation specialists, attorneys, financial planners and company owners themselves on managing the intricacies of a family firm's compensation. The book also includes real-life stories of family firms that have grappled with often-confronted compensation issues. It covers such topics as:
* What to do when compensation divides siblings * Devising phantom stock plans for key non-family executives * How to take special family circumstances into account * Adjusting pay practices after the founder has stepped aside * Why non-qualified deferred compensation plans are especially effective * Retructuring a pay system from equal to fair * Uses and abuses of perquisites * Compensating family company board members
Designed for frequent reference, The Family Business Compensation Handbook will help readers understand -- and successfully resolve -- the quandaries faced when designing and implementing family company compensation.
Product Details
- Amazon Sales Rank: #1283178 in Books
- Published on: 2001-10-01
- Binding: Paperback
- 172 pages
Editorial Reviews
Review
"Articles include enough checklists, charts and real-world examples to aid any family business." -- Michael Swaim, Managing Partner, Swaim, Brown & Elliott PA, Spartanburg, SC, and Chair, Closely Held/Family Held Business Task Force, Polaris International
"The most complete reference on family business compensation I have ever seen." -- George G. Raymond Jr., Retired Chair, CEO and President, The Raymond Corporation, Greene, NY, and Author, All in the Family... Business
"These articles get at the issues behind the numbers, which is critical to implementing successful systems." -- Quentin J. Fleming, Author, Keep the Family Baggage Out of the Family Business
From the Publisher
When it comes to compensation decisions, family company leaders -- who constitute almost 90% of U.S. business owners -- confess that they often fly by the seat of their pants. Most have no policies or systems for avoiding bitter jealousies among relatives or steering clear of favoritism charges from non-family employees, or for attracting and rewarding talent from outside the controlling family. And most books on compensation fail to address the sticky challenges that arise when parents, children, siblings and cousins operate a business together.
But solutions do exist. Which is why Family Business Magazine has published The Family Business Compensation Handbook.
Now you can find answers targeted specifically to your "family factor" questions -- whether they deal with how to structure pay programs for family members or how to design incentive packages for non-family employees.
The Family Business Compensation Handbook is the best and most comprehensive guide ever offered on reward systems in family companies.
About the Author
Barbara Spector, editor of The Family Business Compensation Handbook, is the executive editor of Family Business Magazine in Philadelphia.
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