If you were a boss, how would you structure a fair pay structure to motivate your employees?
And if you were a boss of a start-up, wouldn’t it be tougher?
Today, Shannon and I met a programmer whom we fancy over dinner. Clearly he was attracted to our company. The people (that’s us), flexible working hours, enhanced work-life balance (we promise) and better career prospects. All these benefits couldn’t offset an average pay. We offered an ok amount, but the carrot just wasn’t juicy enough.
So we discussed and agreed to a gradual pay increase. The maximum amount however, could not match his expected wage. This is the best we could offer and now, we’re waiting for a reply. If our offer is rejected, there’s always plan B.
Shannon and I also had a casual conversation on employee benefits. We propose offering Mcdonald’s breakfast or Häagen-Dazs ice cream as fortnight treats. Who’s in?? Or do you have suggestions? Tell us!
Who can resist this sweet treat? I have a weak spot for its green tea flavour. Give me a pint and I'll work through the night. haha!
Meanwhile, we’re expecting a talented Norwegian intern soon. There was a recommended allowance (which was really low at $200), but we chose to pay what we thought was a fair amount. In addition, we’ve prepared a cool name tent and a decent working environment for her as it’s important to make her feel welcomed. This is how we value our people.
I’m a firm believer that people are assets because the company can only become as great as the people running it. No lip service. I mean what I say.
Perhaps employee motivation isn’t rocket science. Just treat them how you’ll like to be treated.