We explore the topic of paying employees, specifically wages, bonuses, and benefits, in the context of compassionate capitalism.
What is covered? The history of minimum wage, living wages, the benefits of implementing effective bonus plans for all levels of employees, and who is responsible for benefit coverage. Action steps for how to pay employees a living wage and implement effective bonus plans include the importance of regular communication, measuring progress, and involving employees in benefit decision-making.
Because paying employees fairly and providing benefits is not only ethical but also extremely beneficial for businesses.
Charlene Norman knows how to make millionaires. (She’s got nearly 40 years doing just that.) Her methods may feel unorthodox; however, the outcomes and results speak for themselves. She has been practicing some form of Compassionate Capitalism for most of her working life with outstanding results. Reach out to her here and here
The 5Cs podcast, book and community are about shining a light on a better path. Think of it as a global village of business people giving Planet Earth a hand up. You can find Charlene Norman on LinkedIn and the 5Cs website here. Consider joining the community here and subscribe for more thoughts from the 5Cs on Substack.