November 05, 2018
12 Things You Should Know about Creating an In-House Patent Program
For companies that bring new products to market, setting up an in-house patent program is a great way to acknowledge and reward the creative thinkers that boost your bottom line. People who can come up with new products and processes to expand your production capacities are invaluable and should be celebrated.
November 02, 2018
Best Practices for Patent Royalty Compensation Plans
Innovative employees are the backbone of corporate progress and success because they come up with inventions that push the business forward. Unless you want your top inventor to be poached by a competitor, you have to show such employees gratitude. You can reward the worker with a bonus, a plaque within the office premises, or hold a patent celebration for them. Although the patent to an employee's invention generally belongs to the firm, you have to create a compensation plan that'll make sure that the inventor gets what he or she deserves.
October 30, 2018
How to Distinguish Individual and Team Contributions to Innovation
Every organization is populated with innovative thinkers, but how do you support both individual and team contributions? Teams are built on trust. If your reward process doesn't distribute rewards fairly, you may make it harder for your innovative teams to maintain effective communication and can even damage the trust you need for teams to function at their peaks.