Joshua Gentine, descendant of Sargento Foods founder, helps family offices and businesses plan for managing family members, emphasizing clear job expectations and salary policies. Gentine warns that unaddressed issues can lead to retention problems in family offices, with high turnover rates due to lack of empowerment and equality. Setting standards and contingency plans is crucial for success and competition.

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– The U.S. economy added 943,000 jobs in July, surpassing economists’ expectations of 870,000.
– The unemployment rate dropped to 5.4%, down from 5.9% in June.
– The leisure and hospitality industry saw the largest job gains, with 380,000 new positions added.
– Average hourly earnings increased by 11 cents to $30.54.: How family offices can protect profits with family members on payroll