O'Reilly logo

100 Rules For Entrepreneurs by Neil Lewis

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

55. Reward long-term value creation

Whether you take on a contractor or a full-time employee (you already know my advice about this, but hey, you might still have legacy employees) you should include a bonus element.

A bonus element should match the KPIs that you set out in your team member’s performance or appraisal review and be pegged to long-term value creation within your business.

However, it is worth repeating that the nature of a contractor or freelancer is that they will see continuing work or recommendations/introductions for other work as a bonus in itself.

Obviously, full-time employees don’t see repeat work (or keeping their jobs) as a benefit, which is, again, why freelancers and contractors are so much more appreciative of ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required