Dec 14, 2020
In episode 320 of Financially Simple, Justin looks at appropriate ways to reward your employees with a year-end bonus.
As 2020 comes to a close and the holidays draw near, many business owners will be considering giving their team a bonus for their efforts through this tough year. In this episode, Justin shares some guidelines on giving out bonuses, and also provides a few ideas on what makes for a good bonus gift (and a bad one).
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00:42 - How to Bonus Employees at Year-End
03:17 - Bonus Guidelines: The Why
04:41 - Communicating the News
07:40 - Having a No Bonus Situation
07:55 - Ideas for Bonuses
10:50 - Bad Ideas
12:50 - Summary
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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