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Remuneration System in Family Business – Remunerating Family Members

Remuneration systems in a family-run business are comprised of direct salaries together with all the accompanying benefits: car allowance, insurance, education for employees and their offspring, per diem and other expenses, and occasionally non-formal payments, such as gifts to balance the payments, etc.

  • Job description
  • Adequate training
  • Milestones for promotion
  • Performance evaluation
  • Performance-dependent remuneration
  • Options for family members