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359. Paying For Performance: 5 Common Scenarios Every Leader Faces
Description
How to handle pay reviews, bonuses, talent retention, and asking for a raise.
Last week, we released a bumper episode on remuneration — Ep.358: How to Pay People Properly. How do remuneration packages work? What’s involved in the different types of incentive payments? How is each pay component evaluated?
Having built the foundations, in this episode I take it to the next level by walking through 5 practical scenarios that you’re likely to face as a leader when you’re making decisions about people’s financial rewards.
Scenario 1: Handling annual salary reviews
Scenario 2: Using financial incentives to secure rare talent
Scenario 3: Using KPIs to determine short-term bonus payments
Scenario 4: Locking in a potential flight risk
Scenario 5: How to ask for a pay rise
Gaining a better understanding of these situations, and knowing how to handle them will massively increase your confidence for the conversations that inevitably follow!
🎁 We’ve created a completely free downloadable guide to go with this episode!
It walks you through the 5 most common pay scenarios leaders face, with practical tips for each one.
👉 Grab it now at www.yourceomentor.com/episode359
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