How do you identify key employees in your organization? Better
yet, how do you define "key employee"?
A well-run business likely has many people contributing to
company goals. However, even in an exceptionally well-run business,
there are usually one or two employees who truly make the business
run efficiently and profitably.
Although it may be easy to identify a company owner as a key
employee because of the amount of time and capital he or she has
invested in the company, defining other key employees can be more
difficult because of the various roles they may play. Usually, a
key employee is someone you would go to when a job needs to be done
quickly and efficiently. This person could be a chief financial
officer, foreman or administrative assistant who has been with your
company for a long time.
This formula can help you establish a key
employee's value so you can reward that...
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