Episode 253: Wait! Was I Supposed To Give Her a Raise? #BizTipFriday

#biztipfriday Apr 19, 2019

Today we’re talking all about raises, salaries and bonuses, and Jilly’s back to help me answer a listener question around these topics. There are lots of different ways to compensate an individual, but as you’ll hear, it’s not always about money for him or her. As digital CEOs, it’s our responsibility to figure out what each team member is looking for, and then to help foster the greatness within each of them!

The Recurring Revolution is back on April 25th, 2019! To find up more, go to http://jameswedmore.com/tribe

Are you ready to create your Business by Design this year? Be the first in line when the program opens by joining the waiting list at https://www.businessbydesigntraining.net/!

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I want to invite you to help contribute to this podcast by submitting a question for the Listener Question of the Week edition of The Mind Your Business Podcast. All you have to do is go to http://jameswedmore.com/QA and record a question (under 4 minutes or less) that could be featured on an upcoming episode!


In the episode you’ll hear:

  • The different way we approach compensating our team members

  • Our philosophy on raises, and why we never “hand” someone a promotion

  • Two types of bonuses you could use and examples of how we use each of them

  • How gross revenue does not equal net revenue, and the way this factors into what people are paid

  • What really motivates a team member – beyond just money

  • My goal for every single person that every works in our organization

  • Why it’s essential to create an open environment in which your people can communicate with you



Find Out More About The Recurring Revolution, returning April 25th, 2019!

Get on the Business By Design Waitlist – Click Here!

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