Compensating Millennial Associates: Customizing Compensation and Rewards for Increased Productivity and Firm Profitability

recording Compensating Millennial Associates: Customizing Compensation and Rewards for Increased Productivity and Firm Profitability

You Will Learn:

  • Specific non-monetary rewards that are certain to improve job satisfaction
  • Why tiered compensation works for millennials, and how to structure it properly
  • Details on the types of alternative compensation models firms are using and how these alternatives compensate millennial associates
Access the pre-recorded audio conference
$365.00
 

Millennial Associates... difficult to work with? Lazy? Entitled? Maybe it's the way they're managed and compensated.

Millennials, the group of tech-toting, flip-flop wearing adults born after 1980, have been the subject of eye-rolling. They’ve been stereotyped as expecting rewards just for participating and believing that spending long hours at the office is overrated.

Yet, legal professionals say that depiction as applied to their younger colleagues is wrong. In fact, they may work differently, taking full advantage of technology, but they’re smart and productive.

Properly incentivizing and compensating this new generation of lawyers is essential for your firm’s profitability, retention and key to attracting like-minded clients.

This information-packed webinar explores real-life methods for embracing the goals, expectations and ambitions of today's millennial associates, and how to ‘meet in the middle’ when it comes to compensating this new generation.

Learning Objectives

During this power-packed session, our expert faculty will examine the most current factors affecting millennial associate compensation, including:

  • Specific non-monetary rewards that are certain to improve job satisfaction
  • Why tiered compensation works for millennials, and how to structure it properly
  • Details on the types of alternative compensation models firms are using and how these alternatives compensate millennial associates
  • Beyond compensation increases, what matters most to millennial associates
  • Types of goals and initiatives to set forth for millennial lawyers, and three crucial ways to reward achievements

Plus, you will learn:

  • Surprising attitudes millennial lawyers have about total compensation
  • Who millennial lawyers are, and how they differ from other generations in terms of pay
  • Common misconceptions and truths about millennials lawyers
  • Mentoring, evaluations, and feedback tips that emphasize professionalism and increase associate self sufficiency

Product ID: 5563

Discover How Customizing Compensation and Rewards for Millennial Associates can Increase Productivity and Firm Profitability!

Order my recording now

Faculty

Jessa M. Baker
Jessa M. Baker
Senior Consultant, LawVision Group LLC

Jessa Baker is a member of the LawVision Group strategy practice where she advises law firms on strategy development, mergers, management and governance, talent structure design, associate and partner compensation systems, partnership issues and financial matters. She also collaborates with law firms on client service strategies, business development, client retention and process improvement initiatives.

Jonathan Fitzgarrald
Jonathan Fitzgarrald
Managing Partner, Equinox Strategy Partners

Jonathan Fitzgarrald is Managing Partner of Equinox Strategy Partners, providing service professionals and firms with strategic counsel to drive revenue and increase market visibility. For nearly two decades and prior to founding Equinox Strategy Partners, Jonathan directed the sales and marketing at three, top business law firms. Prior to his focus in professional services, Jonathan held senior-level sales and communications positions at various public and private companies within the high-tech, telecommunications, electronics, health care, and consumer products industries.

Continuing Education Units

  • cle

    C4CM provides audio conference attendees with CLE credit processing services. To expedite C4CM processing your CLE request, please complete and submit the evaluation form available from C4CM at the conclusion of the audio conference. It will be necessary to enter the following information: name of each attorney requesting CLEs with full contact information, including e-mail address, bar number, and the state in which the attorney wants credits. Each attorney requesting credits must submit an evaluation.

    Please be advised C4CM audio conferences are subject to approval from each CLE issuing organization and approval is not guaranteed (state bar associations in Delaware, Indiana, Kansas, Ohio, and Pennsylvania do not grant CLE credits for audio conferences). The approval process takes approximately 6 – 8 weeks for most organizations but can take as long as 3 – 4 months. You will be notified via e-mail with the final status of your CLE application.

    Any person applying for CLE credits must attend the audio conference from start to finish (attendance will be taken for compliance reasons). Requests for CLE credits must be received no later than two weeks following the conclusion of the audio conference or live conference. CLE credits are not available for CD recordings.

    If you have any questions regarding CLE credits, contact Jill Adler at 631.368.2082 x 21 or jill.adler@meeting-matters.com.

Discover How Customizing Compensation and Rewards for Millennial Associates can Increase Productivity and Firm Profitability!

Order my recording now

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