This critical management resource will demonstrate how, in a difficult economic climate, managing reward effectively can raise your remuneration strategy into something more positive, less reactive and more firmly-rooted in your business strategy.
The second edition of this report comprises of two parts. The first sets out a definition of remuneration and reward in the current market, examines prominent trends and offers practical examples looking at specific types of law firms and how they are addressing this issue. The report also makes clear recommendations for managing partners and law firm HR professionals, in light of future developments and changing market trends.
Part two contains a wealth of real-life, practical examples from a range of law firms - global, international, niche and regional. It sets out how these different firms have changed their remuneration and reward strategies in response to the economic downturn and provides the opportunity for you to benchmark your own approach to that of other major industry players.
Law Firm Remuneration, Reward and Motivation Second Edition offers extensive coverage of:
* Bonuses and incentive schemes;
* The partner remuneration structure;
* Rewards for support staff;
* Employee engagement and motivation;
* Performance management;
* Career progression;
* Non-monetary reward schemes;
* Talent retention; and
* Internal and external communication through reward - sending out the right messages to your clients and employees.
In addition, the report looks at the wider context within which professional partnerships operate and the impact that economic and political changes will have on your firm - as well as how to exploit the opportunities inherent in these changes. |