Skip to main content
Kota Sai PrasannaStartupTalky Team
Digital Marketing Freelancer.
Asked a question 3 years ago

How to Build an excellent Team While Keeping Costs Low

Where am I?

In StartupTalky you can ask and answer questions and share your experience with others!

Twice a year, issue a full-benefits report back to every employee.

On that report, the complete financial value of all benefits your company pays to staff members, directly and indirectly.  

For creative work, intrinsic rewards rule.

This means, don't attempt to find financial incentive systems to regulate or encourage behavior. Instead, for interesting, creative work, let the work itself (and the feedback your team gets) be the drive .

Tie compensation to value created, not time served.

Too many businesses reward staff with raises, bonuses, and perks (e.g., vacation time) on the idea of years of service. Encourage them to shift the conversation to value creation