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                      Last Update: Wednesday June 10, 2020

                      Compensation

                      Index of a few letters by topic and author

                        Topic             Focus / Author             Episode

                      Critics                Internet / Gloria              Internet Basics
                                                Mo's / Joseph                  Mo's

                      Education          College / Thomson           Favorites #1 & #2
                                                HS / Coyman                   Related episode
                                                HS / Bonetti                     Chocolate Crickets
                                                Learn from All           

                      Help!                 Internet / Bernadette    Staying Power

                      Indexes             Index of Learning Companies

                      Integrity             Open Letter to President Obama

                      Key Ideas          Cash Flow / Gardiner       Many
                                                Compensation                  Many
                                                Financials / Stickney         Related episode
                                                Incubators / Shamiso
                                                Podcasts / Gardiner
                                                Retirement / Anderson
                                                Services  (Professsional)   Many
                                                Advertising, Architecture, Animation, Design
                                                SWOT Analysis / Anderson           

                      Paths & Steps   An Idea / Jason
                                               Start Up / Cope

                      Producers         We are all Producers

                      Thanks              From Cliff Prescott, Fat Towels


                      Our letters to you

                      60/60:  A Proposed Beginning for GPS-based Cities
                      Also, referred to as Priceless-Cheap Real Estate.  This letter might be considered the simple beginning of a  Billion-Dollar Idea.

                      Architecture of the future website
                      Websites constantly evolve. This one started in December 1994
                      and it evolves daily.

                      Co-sign this letter to President Barak Obama
                      Encourage the unemployed to start a business

                      Hugh McColl, Jr., former Chairman of Bank of America
                      on "60 Minutes" says there is nothing good about being small.

                      New York Times Launches Small Business Video
                      based entirely on the Small Business School episodes

                      Storytelling & Metaphor from Bruce Camber
                      To Anne Douglas, On the Edge, Aberdeen, Scotland

                      Favorite letters throughout the years:

                      On spending hours on this website!
                      Joanna Reed, Reed's Marine, Lake Chelan, Washington

                      About leadership.  Do you have what it takes?

                      Meet Keith Grint and many owners.  Letter from Alan Preston.


                      Our open letters... reflections on these days

                      "Dear Mom"  Thoughts on Mother's Day   The Family Apron

                      A QUESTION ABOUT COMPENSATION AND FAIRNESS

                      April 28, 2007: 

                      My boss asked me how much money I want to get paid.

                      We  talked about such a low amount it is disturbing to me when he is filling his bank account and yard with vehicles and anything he wants.

                      Please, any suggestions?

                      (no name -- only an email address)

                      Our Response

                      Maybe you could study these short videos and then have your boss watch those that you think are most appropriate:

                      1. Create Wealth for Employees

                           The best businesses always look out for their people first.

                      2. Learn to leave

                        That is not the only place in the world to work. Even if you love everything else, if you are not happy with your compensation, look around. See what you are worth to another business.

                      3. Keep employees happy

                         You may start a business, but your employees will grow the business. 

                      4. Treat others like you want to be treated

                         Over and again in the best businesses we have heard people cite the Golden Rule.  

                      5. Reward Commitment

                        In many business we found the weatlhier the employees, the wealthier the company (and the wealthier the owner).  Stingy owners make for stingy employees and a stingy business.

                      What ever you do, before you go into a meeting to talk about compensation, be prepared.  You will want to put somethings in writing.  First, write a detailed job description.  If you decide to leave, it will be a service to the business.  You know what you do better than anybody else.  If you can, know your financial contribution to the company's bottomline.  Know the calculation for your G&A contribution.  Don't know what it is?  Find out!    

                      Now, look around the market and see what people in your position are being compensated within similar businesses. 

                      Prior to that meeting,  make sure everybody agrees that the points that constitute your work are indeed the basis of your compensation.  

                      There are over 160 videos about human resource management, the people part of business.  Look through the summaries of some of those videos and you will get plenty of ideas! 

                      You might want to begin with a special episode about the people part of business, "Build Your People and They'll Build Your Business."

                      Best wishes and good luck!

                      Warmly,

                      Bruce

                      Bruce Camber, executive producer,
                      Small Business School, Inc. (SBS)

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