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14min chapter
My Husband Isn’t Pulling His Weight in Our Company
The EntreLeadership Podcast
Understanding Compensation: Raises, Bonuses, and Profit-Sharing
This chapter explores the differences between raises, bonuses, and profit-sharing within a company, emphasizing their various structures and timings. It highlights the significance of a profit-sharing model that distributes rewards monthly based on company profits, thereby fostering a sense of ownership among employees. The discussion also covers the evolution of the profit-sharing formula, prioritizing tenure and contributions to ensure fair and equitable compensation for all team members.
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