Double Your Profits: In Six Months or Less by Bob Fifer

Author:Bob Fifer
Language: eng
Format: mobi
ISBN: 9780062132611
Publisher: Harper Collins, Inc.
Published: 2011-10-17T14:00:00+00:00

Above average people will love working in this culture, and those are precisely the people you want to attract and retain.

STEP 42

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BENEFITS

First of all, many employees discount the value of many benefits and prefer hard cash. Pay good salaries, and keep benefits to those few that employees truly value.

Once given, benefits don’t need to be treated as cast in stone, never to be re-adjusted. One executive I know deals with inflation in the cost of health insurance the following way: His company has a good health plan, which the company pays for in its entirety. Each year, he announces to his employees, he’ll contribute more to the cost of the health plan, equal to the rise in the Consumer Price Index (or general inflation rate)

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