00:10 Hi, Trevor. Thanks for coming back. 00:12 I've been thinking about our conversation 00:14 last time and I'd like to discuss 00:17 Compensation with you further of course. 00:19 Nina, what specifically 00:20 would you like to discuss? 00:23 Well, I've been reading about different 00:25 incentive plans and I'm wondering00:27 if we could implement something 00:29 like that here to motivate our 00:32 employees and increase productivity. 00:34 That's a great idea. 00:36 Incentive plans can be very effective. 00:38 What type of incentive 00:39 plan are you considering? 00:41 I was thinking about a variable pay vate Windows00:43 plan that links pay with productivity 00:46 or organizational performance. 00:48 But I'm not sure if that's 00:50 the best fit for our business. 00:51 What do you think? 00:53 That could work, 00:54 but there are other types of 00:56 incentive plans to consider too. Activate Windows00:58- 00:59 01:01 01332 01:04 01:06 01:08- 01:09 01:11 For example. we could implement a gain sharing plan that rewards employees for achieving specific goals. lUr we could offer non monetary incentives like recognition or flexible work arrangements. Those are all interesting options. But how do we make sure that I31:13 I31:15 01:16: I31:19l I31:21 I31:22 01:24 I31:25 I31:28: our employees are motivated for the right reasons? I don't want them to be solel3..r focused on the rewards. That's a valid concern motivation can come from. Both intrinsic and extrinsic factors. we need to ensure that our incentive plans are designed to support both. 01:31 We also need to make sure our 01:33 employees have the skills they 01:34 need to do their jobs well, 01:36 and that they see the connection 01:37 between their efforts and 01:38 the rewards they'll receive. 01:40 That makes sense. 01:41 I also want to make sure that our 01:43 employees are treated fairly Window01:45 How do we ensure that we're 01:47 not showing favoritism or bias 01:49 towards certain employees? 01:51 That's a critical issue. 01:52 We need to be transparent about 01:54 how we're measuring performance 01:56 and awarding incentives. 01:57 We also need to make sure that our01 :59I 02:01 02:02 02:04 02:00 02:08 02:10 02:11 02:14 criteria for performance is clear and consistent for all em ployees. It might be helpful to involve our employees in the process to get their input and feedback. That's a good idea. What about employee benefits? Do you have any recommendations for what we could offer our employees? 02:17 While there are many different 02:18 types of benefits to consider, 02:20 we could start with government 02:22 mandated benefits like employment 02:23 insurance and workers compensation. 02:25 Then we could look at additional 02:27 voluntary benefits like life insurance 02:29 or short term disability plans. 02:31 And we could also considernowindows02:33 financial benefits like flexible work 02:35 arrangements or job related services. 02:37 That's a lot to think about, 02:39 but I want to make sure that 02:41 we're taking care of our employees 02:43 and treating them fairly. 02:45 Thank you for your help Trevor. 02:47 It's my pleasure, Nina.02:45 Thank you for your help Trevor. 02:47 It's my pleasure, Nina, 02:48 Let me know if you have any 02:50 other questions or concerns