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
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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