You Can't Bonus Your Way Out of Bad Pay
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You Can't Bonus Your Way Out of Bad Pay
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About this listen
Hosts Kyle Bullock and Jimmy DeGroot discuss why money alone is a weak motivator, why incentives work best when they are equitable and shared, and why you can’t solve low pay problems with bonuses. They recommend auditing pay using tools like the MIT Living Wage calculator and ensuring base wages meet basic cost-of-living needs before adding incentives.
The episode shares stories about team incentives (like a trip to Hawaii), the importance of celebration and tradition, and practical steps owners can take to grow profitability so they can afford fair pay.
For help and resources - trainretail.com
jimmy@trainretail.com | kyle@trainretail.com
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.