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The Compensation Ecosystem: Building a Thriving Salon Team | Nikki Le | CEO and Founder of Statements Inc. and Nikki Le Consultancy | Beauty Industry Business Coach | Salon HR Consultant | Compensation Consultant
Manage episode 449696288 series 2930394
Το περιεχόμενο παρέχεται από το Hatching Imagination, LLC, Hatching Imagination, and LLC. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Hatching Imagination, LLC, Hatching Imagination, and LLC ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
Tune in as Nikki Le breaks down how to build a thriving compensation ecosystem, from pay structures to benefits, to attract and retain top salon talent.
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KEY TAKEAWAYS:
🔅A Strong Compensation Ecosystem is Essential: Effective compensation includes not only pay but also benefits, growth opportunities, and clarity around job progression.
🔅Career Ladders Build Loyalty: Creating defined career stages, from junior stylist to senior roles, helps team members see their growth path and increases retention.
🔅Use Data to Drive Improvement: Tracking key performance indicators (KPIs) such as client retention and productivity ensures that growth and compensation are aligned with performance.
🔅Employee Experience is Key: Benefits like PTO and flexible scheduling are highly desired post-pandemic and help create a more competitive and loyal team.
🔅Personalized Career Paths Retain Top Talent: Offering customized growth plans, including leadership roles or commission-based overrides, can keep high-performing team members engaged and prevent turnover.
👉Follow Nikki on Instagram
👉Learn more about Nikki and here offerings here
👉 Nikki's webinar on HRAs and creative benefit planning
👉 Nikki's webinar on the 5 phases of compensation planning
👉Join us 11/18 @ 5:30pm Eastern Time on Instagram for Community Conversation - A Spotlight on Flex-Schedule Benefits & Paid-Time-Off (PTO)
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