Law Firm Compensation Plans That Actually Work
Podcast
February 3, 2020
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
July 31, 2018
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...
Effective Bonus Systems: How to Motivate Your Team and Boost Results
Hiring & Firing
December 23, 2011
Bonus systems are often like Big Foot—frequently talked about, but rarely seen in action. When poorly designed, bonuses can leave everyone disappointed: the team finds the bonus unachievable, and the boss feels like they’re paying...