SEPTEMBER 22, 2016

 

The top performers in a business are the ones moving the needle in your business growth – playing a large part to the success of the organization. But how do you maintain and motivate those high performers?

In a special Gerber Discovery + Ice Miller speaker series collaboration, Ice Miller Representatives Paul Bittner, Partner in Labor & Employment Group, and Tom Pampush, Partner in the Emerging Businesses Group, joined Randy Gerber, Founder of Gerber, LLC, to discuss compensation rules, common compensation pitfalls, employee retention, and motivating the high performers in your business.

Below are a few highlights from the event to ensure you keep your team happy, without emptying your pocketbook in the process.

Communication is Key | Before handing over equity, get a better understanding of what your high performers really want by explaining what equity really means and offering alternative solutions. – Such as phantom equity or even a title change.

Exempt vs. Non-exempt | Consider implementing a fluctuating work week or limiting workers’ hours to abide by the latest FLSA developments. If those don’t work for your business, consider raising your workers’ salaries or simply paying overtime.

Avoid Routine Bonus Distributions | Rather, motivate your high performers by tying bonus structures to performance KPI’s (key performance indicators).

 

If you have any questions or need additional information, please feel free to ask the Gerber team or reach out to Tom Pampush or Paul Bittner at Ice Miller.

 

 

Check out all the events covered in quarter three of 2016 in the Discovery recap VIDEO HERE.

And be sure to stay tuned to our FACEBOOK PAGE for all event photos and updates on our next event!