Today I’m answering a listener’s question about what to do when you’re overpaying a team member. As small business owners and entrepreneurs, we make mistakes. When those mistakes effect our team members, it’s very important to act with compassion and respect but “there is no ministry where there is no margin.” It’s a tough situation but you can treat an overpaid team member with dignity by giving them options that are fair and create a timetable for resolution.
- The importance of a KRA & how to evaluate what winning looks like
- How to honor your team members while honoring your business
- How to give an overpaid team member options
- Why it should always be a gut-wrenching decision to dock pay or let someone go
If you’ve got a question, click the microphone on the right side of this page and we’ll try to answer it on a future episode. Also, if you’re not using KRAs in your business, what are you waiting for? Check out these links and get started today: