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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Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.