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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Summary
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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