This post is the sixth and final in a series on Family Employment Policies. The door to the family business swings both ways, “In” and “Out.” Most discussions focus on entry into the business, but there needs to be clarity about family members being subject to performance evaluation and exit from the business, as well. …
Family Employment Policies – Compensation
This post is the fifth in a series on Family Employment Policies. When family members are hired into the family business, they must understand that they will be paid fairly. Compensation will be at “fair market” rate for the position held. This is important in developing a clear understanding of one’s economic value in the …
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