Module 7, Lesson 1: The Role of Pay Philosophy

Paying people is one of the most common topics that female leaders struggle with. Before you can structure a pay scale, you should establish your pay philosophy first. Join Kris as she discusses the key considerations and questions you need to ask yourself when it comes to compensating your employees.

Key Takeaways:

1️⃣ Pay for Performance: Consider aligning pay with the results and value that your employees bring to the business. Focus on rewarding outcomes rather than simply paying for time spent.

2️⃣ Define Your Philosophy: Clearly articulate your reasons for paying people and the desired impact you want to create in your organization. Think about how you want your employees to feel and what values matter most to you.

3️⃣ Impactful Compensation: Move beyond traditional benefits and perks, and instead focus on creating a culture where employees feel respected, supported, and valued. Align compensation with the overall mission and purpose of your business.

To see the visuals of Kris sharing her screen and to access any downloadable resources, please log in to your portal and visit the corresponding video lesson.