Denise Liebetrau, MBA, CDI.D, CCP, GRP’s Post

Most employers have financial metrics in their Annual Incentive Plan. Tell me in the comments which ones are used by your employer. 1 = profit (e.g., EBIT, operating income, EBITDA, EPS, net income) 2 = revenue 3 = cash flow (e.g., free cash flow, operating cash flow) 4 = returns (e.g., return on equity, return on assets, return on capital) 5 = some other financial metric #compensation #incentives #bonus #hr #humanresources #rewards #metrics

Navigating the tricky balance between competitive compensation and budget constraints? Our Law Firm Compensation Report 2024 might just be the game-changer you need. It's not just data - it's a strategic tool to align your decisions with your firm’s goals. This budgeting season doesn’t have to be daunting. Check out the report for insights that can help. Need to discuss how it fits your specific needs? I’m here for a chat. 👉 Grab the report [https://lnkd.in/gNv6YXpV] and let’s connect for a 15-minute call. Eager to support you in strategizing for a successful 2024. #LawFirmManagement #BudgetingSimplified #StrategicPlanning

Navigating the budgeting season? The critical aspect is structuring a competitive compensation strategy. Making informed, data-driven decisions is the key to success. We are excited to unveil our 𝐋𝐚𝐰 𝐅𝐢𝐫𝐦 𝐂𝐨𝐦𝐩𝐞𝐧𝐬𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟒 — a resource specifically designed to guide you through your important decision-making process. Here's what's inside: 🎯 𝐈𝐧-𝐝𝐞𝐩𝐭𝐡 𝐂𝐨𝐦𝐩𝐞𝐧𝐬𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: Benefit from data from competitors and peer insights. 🎯 𝐁𝐞𝐧𝐜𝐡𝐦𝐚𝐫𝐤𝐬 𝟑𝟔𝟎: Get detailed salary and bonus benchmarks for various roles. 🎯 𝐂𝐨𝐦𝐩𝐞𝐧𝐬𝐚𝐭𝐢𝐨𝐧 𝐓𝐫𝐞𝐧𝐝𝐬: Understand market standards and anticipate changes. 🎯 𝐕𝐚𝐡𝐮𝐫𝐚's 𝐕𝐢𝐞𝐰: Guide your firm with our expert 1-year forecast. Your GPS guide to: 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐛𝐮𝐝𝐠𝐞𝐭𝐢𝐧𝐠: Efficiently allocate your budget. 𝐓𝐚𝐥𝐞𝐧𝐭 𝐦𝐚𝐠𝐧𝐞𝐭: Attract and keep top talent with a standout compensation plan. 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬: Unlimited access to the report, customised data, and a complimentary consultation session! Ready to tackle 2024 with powerful data insights? Click on 🔗 https://lnkd.in/gNv6YXpV and begin your journey to strategic success by setting up a 🕒15-minute call with our expert. Balanand Menon Ritvik Lukose Prajoy Dutta Soumajit Mukherjee Lee Ignatius Suren Sundaram Sneha Oommen Nandini Ghosh   #LawFirm #CompensationReport2024 #BudgetingSeason #CompetitiveStrategy #TalentRetention #LegalSector

Is your organization ready to make informed decisions on global #compensation budgets using robust planning data and insights? https://bit.ly/3vCe7El Check out our best selling report featuring data on base #salary increase budgets, economic trends, salary freezes and more. #HumanResources

💰 High revenue doesn’t always mean high profit. Your expenses, from payroll to marketing, could be affecting your bottom line more than you think. 🔍 Discover how to balance revenue and expenses effectively. Visit our website for more insights: https://lnkd.in/gzWwBQKq #RevenueInsights #ExpenseManagement #BusinessProfit #FinancialStrategy #ExploreNow

As the end of the financial year looms, coming into the last quarter. It is a time to re-assess your goals and how your forecasted projections are coming towards the completion date. It can be a complex assessment, but it may be simplified with assistance. The things to remember are, what was your budget forecast focused on at the time? Goals change throughout the financial year, and so do your projections. How fluid you are will determine your outcomes. If you need any assistance through this tough period of the year, please do not hesitate to contact Adaptable HR; at hello@adaptablehr.com.au #letswrapupthisfinancialyear #whatcanwedobetternextyear

Inflation. Employee Retention. Taxes. Supply Chain problems... Do any of these look familiar to a business owner? Probably. These are the top responses I get when asking about financial viability. It always comes down to cash flow! It's more than generating revenue, it's keeping more of what you make There's a solution. We can maximize your current cash flow, increase employee satisfaction/retention, and lower your tax bill, all at the same time. It's simple AND smart. #businesssolutions #taxreduction #financialstrategy #employeeretention #cashflow #benefits

The latest edition of the Mercer QuickPulse US #Compensation Planning Survey covers 2024 actual #salary increase budgets, off-cycle and promotional increases, #PayTransparency and more. https://bit.ly/3wQff7P Submit your data by March 22 to unlock your free results. #HumanResources

Commissions 💸 We recently conducted a poll to understand how professionals prefer to receive their commission payments, and the results are in! 📊 Poll Results: Monthly: 62% Quarterly: 28% Bi-annually: 2% Annually: 7% These results reveal a clear preference for monthly commission payments. Here's why this may be the case: Financial Stability 💰 Receiving commissions monthly provides a steady stream of income, helping professionals manage their finances more effectively. Regular payments allow for better budgeting and planning, reducing financial stress. Motivation and Performance 🚀 Monthly commissions can act as a continuous motivator. Regular recognition of achievements keeps morale high and drives consistent performance, as professionals see the direct impact of their efforts more frequently. Cash Flow Management for Businesses 📈 For businesses, monthly payments can streamline cash flow management. Regular disbursements align with payroll schedules, making it easier to forecast expenses and maintain financial stability. Employee Satisfaction and Retention 😊 Offering monthly commissions can enhance job satisfaction. Employees feel valued and appreciated when they receive timely rewards for their hard work, which can also improve retention rates. The less popular options, such as quarterly, bi-annual, and annual payments, might suit specific business models or roles but can be challenging for professionals who rely on commissions as a significant part of their income. Understanding these preferences is crucial for employers aiming to design compensation structures that attract and retain top talent while maintaining a motivated and financially healthy workforce. Why did you vote for what you did? #CommissionPayments #EmployeeMotivation #FinancialPlanning #oilandgas #shipping #commodities

Taxes are due...Bills are due... Are you certain your employees know what to do? Financial literacy is a corner stone of #financialwellness which is part of any market competitive #benefits package. However according to HR.com latest research, "only 19% of HR professionals say they understand the #financialwellbeing of their employees." Let's commit to increase our investment in our employees so they can have better financial outcomes. Mark Vickers and I discuss actionable steps employers can take to effectively help employees achieve financial well-being in this webcast: https://lnkd.in/eitMHFYn #benefitsequity