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The Employee Payday: Raises, Bonuses, and the One Thing You're Doing Wrong
Manage episode 479768319 series 3503526
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How do you decide when to give a raise and when to offer a bonus? This episode of What The Biz?! dives into the strategies and best practices for rewarding your team effectively. Brigitte and Dan share their expertise on creating fair and motivating compensation structures.
Listeners will learn:
- Why it's crucial to have clear mechanisms for pay increases.
- The pitfalls of giving raises without proper justification.
- How to structure employee growth and compensation within your company.
- The role of bonuses in incentivizing performance.
- How to calculate and utilize the revenue per employee ratio.
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Hosts
Daniel Proczko - myPocketMarketing
Brigitte Vegter - Vegter Financial
74 episodes
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