In this session we will talk about the core components of a compensation framework and discuss strategies for applying that framework throughout the employee (non-partner) lifecycle at your firm. Common scenarios discussed will include recruiting, incentives, annual compensation adjustments, and promotions as well as strategies to work through some potentially challenging situations.
• Review the building blocks needed to develop your compensation philosophy and design your plan
• Learn practical strategies for applying your compensation philosophy throughout the employee lifecycle
• Discuss some potentially challenging situations and how to address them
• Identify resources that can help you design or refine your compensation practices