BU Schedules Compensation/performance Seminar Sept. 25

Sept. 18, 1997

by Alan Hunt

How should a family owned business develop a compensation policy which is fair to all family members?

To help "mom and pop" business owners tackle this and other problems of compensation, Baylor University is hosting a half-day seminar at Las Colinas Country Club, Irving, from 7:30 a.m.-1 p.m. on Thursday, Sept. 25.

The workshop, "Compensation Issues/Performance Evaluations," is part of the 1997 series, "The Family Business - Six Skills for Survival and Success," presented by Baylor's Institute for Family Business and the North Texas Family Business Forum.

Program presenter will be Dr. Sam H. Lane of LBF & Associates, Fort Worth, a corporate psychologist who specializes as a consultant to family businesses. A Fellow of the Baylor Institute for Family Business, Lane received his bachelor's degree from the University of Texas and his doctorate from Texas Christian University.

Doris Sandberg, program director of the Institute for Family Business, says the workshop will address such topics as how to balance family members' needs with the needs of the business for cash; how to rationalize base pay, bonuses, perks, and benefits; and how to compensate family members as employees - particularly those who are making the company successful.Baylor's Institute for Family Business is a nationally-recognized organization that provides educational programs for family-owned businesses throughout the state.

To register for the workshop (which includes a continental breakfast and lunch) or for more information, call Sandberg at (254) 710-2265 ext 5.

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