9781137444264

The tricky issues faced by family businesses are often centered on people – both in and out of the family – and involve multiple, complex, interrelated systems with many nuances. How these situations are addressed will dramatically influence the enterprise's culture and performance, as well as family relationships now and into the future.

Human Resources in the Family Business shows how HR practices can help family firms achieve their values-driven goals as a family and a business. Filled with case studies, frameworks and practical tools, this book addresses how to successfully anticipate and manage people issues and opportunities including:

• How to maximize the value of the HR function as a strategic business partner with family owners and business leaders.

• How HR can build on a conscious culture of success from the family owners' vision and values.

• How to employ family members in the business in a way that works best for the family, business and individuals.

• When and where HR should interface with the family and how that is best accomplished.

• How to recruit, interview and hire the best talent, balancing the needs of both family and nonfamily members.

• How to manage employee exits effectively, especially those of family members.

• How to handle sensitive issues such as underperforming family employees, compensation, substance abuse, etc.

Perhaps more than in any other type of company, a thoughtful, holistic approach to human resources in the family business – and its continuous evolution – is a critical contributor to long-term success.

David Ransburg, a consultant with the Family Business Consulting Group, Inc. has a rare combination of expertise in both business and psychology. He brings strong relationship skills, deep business knowledge, and broad-based experience in executive assessment, coaching, and group facilitation to his family enterprise engagements. With over a dozen years of business experience in industries such as real estate, financial services, marketing, and manufacturing, he is adept at strategic as well as financial analysis of business opportunities. Additionally, David has been formally trained in interpersonal relationships and systems theory to motivate individuals, resolve intra-organizational conflict, and build an effective team-oriented organization.David received a BA in Economics from Stanford University, USA, an MBA from the J.L. Kellogg Graduate School of Management, and an MA in Counseling Psychology from Northwestern University.

Wendy Sage-Hayward is a consultant at the Family Business Consulting Group. She has 25 years of experience working with business leaders, family firms, and boards. Wendy has a Masters Degree in Counseling Psychology from the University of British Columbia, Canada, and recently completed a post graduate program in the Neuroscience of Leadership at Middlesex University, UK. She is an adjunct professor at the University of British Columbia's Sauder School of Business where she leads programs for both business families as well as their advisors in the Business Families Centre. Wendy teaches for Executive Education at the Sauder School of Business where she leads two senior management training programs in facilitation and coaching. Previously Wendy was faculty at the Institute for Corporate Directors where she taught board dynamics in the Director's Education Program.

Amy M. Schuman, a principal consultant of the Family Business Consulting Group, Inc. works with family businesses on creating governance systems to meet the demands of increased complexity across the generations. She also has expertise in helping families with leadership development, communication skills and team building. Amy was the founding facilitator of the Next Generation Leadership Institute, an intensive, two-year program for next generation family business leaders at the Loyola University Chicago Family Business Center. Amy is the co-author, with John L. Ward and Stacy Stutz, of Family Business as Paradox. She is the co-author, with John L. Ward, of Family Education for Business Owning Families and a co-author of A Woman's Place…The Crucial Roles of Women in Family Business. Amy also wrote Nurturing the Talent to Nurture the Legacy: Career Development in the Family Business. Amy has presented at many university family business centers, The University of British Columbia Family Enterprise Advisors Program, YPO and WPO events, the Family Firm Institute Conference and the Family Business Network. and is adjunct faculty at the Center for Family Enterprise at the Kellogg School of Management at Northwestern University in Evanston, IL.

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Human Resources in the Family Business Maximizing the Power of Your People

Human Resources in the Family Business Maximizing the Power of Your People

1137444266

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