New Reports Show Compensation Is Key To Happiness For Cubs & In-House Counsel

Lawyers and bear lovers, come on down!

The latter, at least, is a phrase most people will remember from the iconic television game show The Price Is Right. Former host, Bob Barker, has fully embraced his second calling as an animal rights advocate.

Barker is providing $50,000 to a Manitoba couple to build the Canadian province’s first black bear cub rehabilitation center on their property, according to CBC News.

The couple, Judy and Roger Stearns, plan to take in orphaned cubs and care for the creatures until they reach a size and weight appropriate for re-release into the wild.

“My husband and I were going to be building the facility with our own funds,” said Judy Stearns on Wednesday (via CBC News).

“Now it can be that much larger and more complex, and we can help the bears even more. It’s fabulous.”

The center will be able to hold about 10 cubs in total. By caring for the cubs at the center, Judy and Roger Stearns, along with Barker’s financial assistance, will help spare them from being sent to a zoo or, worse yet, killed in an animal shelter.

“A life in captivity for bears is a life filled with suffering, so giving orphaned bear cubs a second chance at a life in the wild is a campaign worth supporting,” said Barker.

A life in captivity—not just for animals, but also attorneys—is what many in-house counsel fear these days, according to a recent survey.

Another Bob Barker—this one, a partner at the legal recruiting firm BarkerGilmrore—is looking to improve the lives of others. Instead of bears, he looks at barristers, conducting surveys that ask in-house counsel to compare themselves to firm lawyers by asking them to rate their pay relative to their “peers.”

According to Barker—the lawyer, not the animal-lover—respondents were free to interpret that word “peer” however they saw fit.

And, with that in mind, although salaries for in-house attorneys are on the rise, increasing by 4.2 percent across all industries, a surprising 44 percent of respondents considered their compensation, including cash bonuses and equity awards, “below or significantly below that of their peers,” reports Bloomberg Law.

In fact, roughly 40 percent said they were likely to consider a new position next year because of compensation issues, despite the fact that their career boasts a wage rate rising well above the 2015 national inflation rate of 0.1 percent.

Alas, corporate counsel can be such a bear. But, it doesn’t have to be.

The successful law firm manager knows how to:

  • Engage Employees
  • Promote Their Strengths
  • Motivate Them to Work Together
  • Maximizing Your Resources in Your Team
  • Handle Conflict in Your Team

This means, finding what inspires workers to be more productive, whether it’s a pro-bono pet project or flexible vacation policy.

A successful manager knows the personality traits of each employee and therefore how to promote their strengths. Spend more time investigating a person’s past to identify the specific skills—technical writing, diligent research, bi-lingual—that they can use in the future.

Finally, a productive law firm is one that promotes teamwork. Proper organization of case matters, standardization of documentation, an understanding of technology and other legal resources, and delegating tasks to the appropriate staff member are easier said than done. But, with proper strategies and training, your law associates don’t have to belong to that 40 percent seeking other employment.

Take the Center for Competitive Management’s webinar, “The Successful Manager’s Guide to Managing A Team.

Jam-packed with key strategies, practical tips, and techniques used by today’s top managers, this must-read guide explores:

  • Identifying Team Objectives
  • Teams Are Made of People
  • Managing Individuals
    • Engagement Strategies
    • Understanding Individual Needs
    • Different Personality Types
  • Managing the Team
  • Get To Know the Team
  • Maximizing Your Resources in Your Team
  • Improving Competencies within the Team
  • Identifying Growth Opportunities and Capacity Constraints in the Team
  • Handling Conflict in Your Team
  • Managing Difficult Employees

One of your most important roles as a manager is to make sure that your people have the support, tools, and resources they need to do their jobs. This essential guide outlines those six steps needed to equip your team for success.

Just one more thing… Bob Barker reminding you: Help control the pet population. Have your pet spayed or neutered.

-WB

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