How to give pay raises the CORRECT WAY 💸
November 21, 2023
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Mark Minard Episodes Around November 21, 2023
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0:14Now PlayingHow to give pay raises the CORRECT WAY 💸
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as posted by the channelHow to give pay raises the CORRECT WAY...
Everyone will tell you to do pay raises based just on the amount of time that an employee has worked for you... well, that is one of the worst ways to give someone a raise...
Here’s why:
1. It’s super generic... This old-school mentality will not win in the new world.
2. You don’t need to wait a year to give a raise... You can give someone a raise within 2 months if they are doing OUTSTANDING. You should be meeting with your team members weekly! You don’t have to wait for an annual report to improve.
3. Performance AND attitude is a must to add to the equation of a raise.
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