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In the old days you motivated your best workers
with more money and bigger offices. It's not that simple these days, and
smart companies have had to rethink many of their basic employment practices
in order to compete for a shrinking number of talented employees. |
Given the risks involved, how does a business owner give or take equity wisely? This guide uncovers Inc.com's best resources on this complex subject.
http://www.inc.com/guides/hr/20697.html
Winning the War for Talent
Entrepreneurial companies have some advantages over
big corporations in a competitive, volatile labor market. Still, even start-ups
need to address the strategies of talent management and human resources
development. Here's how to retain the high-level people you need without going
broke--or berserk--in the process.
http://www.inc.com/articles/details/0,,AGD3_ART14889_CNT53_R
...
Innovative Approaches to Stock Options Plans
Learn how to stop your employees exercising and
selling their shares in your company in one day. Consider three incentives you
might want to build into a stock option plan. There are many useful pointers in
this article--and it's only a teaser to a book! (You can order the book online,
too, for $35 plus shipping, but that's up to you.)
http://www.fed.org/onlinemag/jun99/tips.html
Here at the site of the non-profit equity
consulting Foundation for Enterprise Development is a broad-stroke survey of
three methods for sharing equity with employees. Stock options, stock bonuses
and stock purchase offers are all alternatives to ESOPs that do not require an
independent valuation of your stock price. Here is a look at how each method
works and why you probably DO want to consider this highly desirable employee
benefit.
http://www.fed.org/onlinemag/dec96/equit.html
Good intentions alone won't make your
pay-for-performance plan a success, but these guidelines will certainly help.
http://www.inc.com/articles/details/0,3532,AGD3_ART14779_CNT56_GDE33,00.html
The managers of one open-book company are guided
by three basic principles: Create business leaders, give them all the opportunities
they can handle, and make them rich.
http://www.inc.com/casestudies/details/1,3545,AGD3_CAS15431_CNT46_GDE33,00.html
Fringe Benefits
What exactly are "fringe
benefits?" What should you know if you want to use them to reward
employees? This article explains the IRS rules on fringe benefits, explaining
that the value of fringe benefits provided to your employees must be included
as compensation on their W-2 forms. You and your employees must pay all taxes
due on those benefits. The article also describes the nine kinds of fringe
benefits the Internal Revenue Code excludes from its definition of taxable
income.
http://www.payroll-taxes.com/art4.html
We've gathered the best inc.com resources to help
you meet the challenge of hiring the best people for your company.
http://www.inc.com/guide/item/0,,AGD3_GDE16,00.html
Compensation is more complex and strategically
important than it once was. We've gathered the best inc.com checklists,
benchmarks, and advice to help you get a handle on it.