No Bullsh!t Leadership 359. Paying For Performance: 5 Common Scenarios Every Leader Faces
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Jul 15, 2025 Explore the intricacies of pay reviews and bonuses in leadership. Discover strategies for using financial incentives to attract top talent. Learn how to apply KPIs for short-term bonuses and address potential flight risks among employees. Understand the art of negotiating a pay raise, emphasizing market value and individual contributions. This guide is packed with practical insights to boost your confidence in tackling these common challenges!
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Company Size Shapes Pay Flexibility
- Company size influences pay flexibility and process centralization.
- Larger companies have structured policies; smaller ones allow more individualized pay decisions.
Communicate Ratings Early and Differentiate
- Inform employees of their performance ratings well before pay reviews to ease tough conversations.
- Differentiate pay increases to reward true high performers, not applying uniform raises.
Fast-Track and Reward Top Talent
- Reward top 5% performers with substantial salary hikes or role upgrades.
- Use promotions and development opportunities to retain and motivate rare talent.