News By Tag
* Compensation Consulting
* Incentive Plans
* Phantom Stock
* Executive Pay
* Executive Incentives
* More Tags...
News By Location
E-Book Demystifies the Role of Compensation in Growth Companies
Compensation development in growth-oriented companies must be rooted in five guiding principles, according to author Tom Miller, CEO of The VisionLink Advisory Group in his new e-book, Breakthrough.
The 50-page electronic book introduces its five guiding principles in the framework of a fictional story. It does so via a dialogue between two business owners—Sid and Raul—who develop a friendship centered on their common roles in leading successful companies.
In the book, Raul seeks guidance from his new found friend as a result of comments made at a business roundtable where Sid made a presentation. Raul was considering making a transition out of ownership in his business until he had a chance to speak with the younger Sid. As the storyline emerges, Raul’s eyes are opened to greater possibilities by understanding the five principles his junior mentor teaches him. The new insight re-energizes him and breeds a fresh perspective about the future.
“The characters in the book are fictional,” Miller says, “but the issues they talk about are not. Any business leader will relate to the dialogue they have and the problems they wrestle with in the story.”
Miller uses the fictional account to frame how companies must approach compensation matters if they want to secure and sustain a competitive advantage, especially in the marketplace of talent. His story illustrates how a business can transition from being merely profitable and stable to becoming a “wealth multiplier,”
In the book, Sid teaches Raul that his success in securing a workforce that is growth-oriented will be determined, at least in part, by an ability to apply the following five core principles:
“I hope business leaders will take time to read the book,” Miller said. “It only takes about an hour to get through, but its impact on a company will be significant if leadership applies the principles the book teaches. This is something I’ve lived and breathed for over 30 years—I’ve seen the results that come to those that do this the right way.”
Miller’s firm, VisionLink, specializes in the development of compensation solutions for businesses which enable them to envision, create and sustain rewards strategies that will be key drivers of results. The company is headquartered in Irvine, California and serves clients in over 30 states across the Continental United States.
The e-book, Breakthrough, is free and can be accessed at: http://www.vladvisors.com/
# # #
VisionLink is a business consulting firm that helps growth-oriented companies create greater alignment between their business plans and their rewards programs—thereby creating a unified financial vision for growing their companies. Our work removes barriers to business growth stemming from an inability to recruit and retain top talent, keep employees focused on and executing key performance initiatives, or achieve an appropriate return on the shareholders’