Rewarding Awesome Employees

Financial Snickens

Companies can’t reach their goals without hardworking employees. Business owners must recognize and reward employees for their fantastic work and dedication.

In this episode, I share different ways to invest in your employees so they know they are valued and appreciated.

In this episode, you’ll also hear:

• Options for profit-sharing, raises, and paid time off
• Suggestions for promotions, gifts, and bonus programs
• Importance of company culture and employee input for rewards

Must-listen moments:

[00:02:04] [Profit sharing] can be done quarterly, it can be done annually, or it can be done as a part of your contribution as the employer contribution to the 401k.

[00:03:20] It depends on what your employee values as the best compensation. Do they want the money, or do they want time off?

[00:07:14] The effectiveness of each approach varies depending on the culture of your company…you might want to do a system where you combine these strategies, and that will help you meet your workforce's needs.

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