Law Firm Compensation Plans That Actually Work
Podcast
Molly McGrath, founder of Hiring & Empowering Solutions Podcast, talks about the 3 different types of incentive-based compensation/bonus plans for law firm employees, and why they DO work.
Why a Merit-Based Pay System Fails & Better Alternatives
Communication
A merit-based pay system seems like the perfect solution—reward high performers, encourage productivity, and eliminate wasted salary expenses on underperformers. The idea is simple: employees motivated by financial incentives will work harder to earn bonuses...
How to Create an Effective Bonus System That Benefits Everyone
Leadership
Bonus systems must be designed as a win/win/win—a win for the team member, a win for the boss, and a win for the client. For your team, a bonus must be clear, achievable, and based...