On this week’s episode we speak with Eliza De Pardo, Founder and Director of De Pardo Consulting. We focus the conversation on how to align compensation planning with your strategic and growth goals.
Eliza shares how you can use effective compensation planning to motivate the behaviors that will drive your firm forward and to create and sustain the culture you want for your team. We discuss the components of human capital that every firm should be looking at while outlining the first step you can take in defining or enhancing your compensation plan.
We dig into the role compensation planning can play in driving referrals, by sharing ways you can help your team understand the role they play in that process. Eliza explains how incorporating non-traditional compensation benefits can provide value for your team, as long as you understand the perceived value of those benefits.
It is a great discussion that will help you understand the connection between compensation planning, strategy, and growth.
Click here to listen; we welcome your feedback, as always.