It's possible to compensate employees in ways that motivate them beyond what a simple salary will, but it takes planning and tweaking.

The end result should be happier employees, increased revenue and lowered expenses, therefore higher profits overall, says John Felkins, director of the All Access division for an organization called EntreLeadership, a business advisory group headed by Dave Ramsey. Ramsey is the money management guru who built an international business organization, starting from his living-room-based writing and speaking business. Felkins and EntreLeadership recently hosted a webinar on employee compensation. READ MORE