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Dinner at the Log Inn


xrac

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How do you keep the help motivated in December once they've spent their Christmas bonuses? It seems that giving out an end of year bonus early would hurt production.

 

Speaking personally from being on the receiving end of a bonus, and from a family business with a similar tradition to what Xrac has implemented, I think it's much more important to be transparent and stick to a set cadence. You're worrying about trying to squeeze out a few hours of production in a couple weeks when really an annual bonus is meant to reward consistent loyal help. Paying it in November vs December or January really doesn't make a difference, Xrac is just trying to be helpful to his employees who might want to take advantage of some sales. Annual also can be calendar year or fiscal year or some random month, so his employees have worked the 12 months since last bonus anyway.

 

I doubt his employees aren't thinking that they can take it easy in December.. they're probably thinking about it in July when they are dreaming of a beach vacation the following year.

 

You could also set some guidelines about how business performance affects end of year bonuses.. if it's profit sharing, then everyone can get behind trying to keep costs down, and selling more services..

 

Just food for thought.

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  • Have you checked out Joe's Latest Blog?

         4 comments
      A recent study, done by Harvard Business School, concluded that the real problem with attracting and retaining employees has more to do with the workplace environment, not pay or benefits. While the study did find that an adequate pay plan and offering an attractive benefits package did help with recruiting and retention, it’s not enough to satisfy the needs of employees, especially those of front-line workers.
      The study also stated that in 2021, many companies were convinced that giving raises, sign-on bonuses, and other perks would solve the worker shortage problem and prevent people from quitting. However, this strategy did not work. So, what does work regarding attracting quality people and keeping them employed?
      Essentially, it all comes down to the culture of your company.  Management: do all it can to consider the individual needs of your employees. Your employees want to feel that they have a voice, that their opinion counts, and that their role in your company is both respected and recognized. Yes, pay and a great benefits package will go a long way toward making your employees feel secure, but that’s only financial security. People want more than money.
      To attract and keep top talent requires creating a company that people feel proud to work for. You need to reach the hearts and minds of your employees. Become a leader that people are enthusiastic about working for. You want your employees bragging to their friends and family that your shop is a great place to work!
      Step one to attracting and retaining quality employees: Create an amazing workplace environment for your employees!  Trust me, happy employees make happy shop owners too!
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