Episode Details

Should you pay a year end bonus and give your employees extra? We expect certain results from the
people we hire, and we pay them a salary for those results. Not for their time. Not for their experience.
We can give them a bonus for just the simple joy of giving a gift or we can give them a bonus based on
their individual results/ extra work. Making payment commitments to employees is a serious decision to
make and should be greatly considered. A gift can turn into an expectation for your employees and a
headache for you. No matter how you decide to pay your people it is an important thing to consider.

What You'll Find in This Episode:

1. Having a consistent payment philosophy is key.
2. Bonuses are extra pay for extra results (or they're gifts).
3. Paying a bonus out over a year is a good way to ensure that the bonus won't be wasted.