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!