Finweek English Edition - - MANAGEMENT -

Tie a part of your em­ploy­ees’ salaries to the com­pany’s per­for­mance. This will align their in­ter­ests with the com­pany’s rev­enue and profit goals and will serve as an in­her­ent in­cen­tive to stay with the com­pany as it grows. By mak­ing the fixed cost of pay­roll in­her­ently more vari­able un­der dif­fer­ing busi­ness con­di­tions, you can make your com­pany more re­silient and ag­ile, while also treat­ing your em­ploy­ees ex­cep­tion­ally well.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.