Ep 14 - Ditch the Bonus - Towards Transparent Profit Distribution

https://is1-ssl.mzstatic.com/image/thumb/Podcasts211/v4/bc/3e/12/bc3e1239-e56c-572f-24f7-583bd8ab5318/mza_7573746674871513568.jpg/600x600bb.jpg

Whiskey Fridays

Kate Tyson And John Gerber

32 episodes

1 month ago

Real talk at the heart of creative entrepreneurship with Kate Tyson and John Gerber. Kate and John, longtime small business advisors, drink whiskey while dishing hard-won wisdom for entrepreneurs and leaders. We also publish "Boss Talks" episodes: interviews with leaders on new possibilities in business and economics and are possibly the only business podcast out there to feature special musical guests.

Entrepreneurship

Business

RSS

All content for Whiskey Fridays is the property of Kate Tyson And John Gerber and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Entrepreneurship

Business

Ep 14 - Ditch the Bonus - Towards Transparent Profit Distribution

Whiskey Fridays

35 minutes

1 year ago

Ep 14 - Ditch the Bonus - Towards Transparent Profit Distribution

Should you reward your employees with performance-based bonuses? Kate says…

No! The more equitable move is transparent profit distribution.

Kate explains why performance-based bonuses make a false connection between hard work and profit, can’t be accurately measured, and lack transparency. Her thesis is that profit distribution ties additional compensation to the collective success of a company. Everyone gets to enjoy a bit of what they create together.