Why Good Pay Isn’t Enough for Competitive Compensation with Caroline Tanis
The Growing your Team Podcast: Episode 260
Spotify
Apple Podcasts
Google Podcasts
Amazon Music
Audible
CastBox
PocketCastsCompetitive compensation is more than just offering an excellent salary or hourly rate. Total compensation also includes benefits and other items that show you care about your employees as a whole and not just for their work output.
Great compensation attracts and retains talent, and the perks that attracted employees decades ago might not matter for today’s workforce.
However, small businesses face a significant challenge. Knowing what makes competitive compensation is one thing, but as a small business, it’s also about whether you can afford to offer competitive compensation.
Caroline Tanis joins the Growing Your Team podcast to discuss what makes up a good compensation plan and where you can start as a small business owner if the ideal compensation plan is outside your budget.
Listen Now:
In this Episode You’ll Hear:
- What is compensation
-
What the ideal work environment is
-
What type of benefits are attractive to candidates
-
Why taking care of your employees outside the workplace will be valuable to your company
-
What employers can do if they can’t afford healthcare for their employees
-
What a good compensation plan is and where to start when you can’t afford it all
About Caroline Tanis:
Caroline Tanis, CDFA ® is lead financial advisor and founder of Tanis Financial Group where she and her team focus on helping their clients build their desired lifestyle. She works primarily with highly ambitious women and their families to create a financial plan. Caroline helps her clients determine their goals and future lifestyle in order to build a plan specific to them. Utilizing estate, retirement, trust, investment planning and more Caroline is able to bridge the gap between where clients are now and where they want to get to.
How to Connect with Caroline Tanis:
LinkedIn: https://www.linkedin.com/in/caroline-tanis/
Instagram: www.instagram.com/tanisfingroup
Website: www.tanisfingroup.com
Suggested Resources:
The Wealth Cafe (episode ft. Jamie): https://www.youtube.com/watch?v=6A7ac5C75Ts&t=359s
Rise & Find: https://amzn.to/3R5RUWA
Next Steps:
Are you feeling overwhelmed by the pressure of choosing the right hire?
Are you tolerating a bad hire because you fear trying – and failing – again?
Gain the confidence to hire like a pro.
At Growing Your Team® we empower women entrepreneurs and leaders to expand their unique businesses by teaching them to master the hiring process. Schedule your free Jump-Start Consultation today.
Related Episodes:
Subscribe and Review:
Have you subscribed to the Growing Your Team podcast yet? If not, subscribe or follow today on your favorite podcast player so you never miss a future episode.
Also, while you’re there, please leave a review! By leaving a review, you help other small business owners find the podcast so they can gain the knowledge they need so they can hire like a pro and lead their team successfully!
