Is this a good long-term yearly salary review policy? I prefer raises over bonuses because bonuses are quickly forgotten and a raise is a recurring reminder to do a good job.pic.twitter.com/Gl1jpPL3lS
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The problem with raises is you can't reduce salaries easily. People get extremely upset. They're much less upset when their bonus comes in lower.
On balance I agree, but not paying an expected bonus can make people even more upset than lowering their salary. Can laying off poor performers not compensate for that problem?
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Typically that's what employers do when they're facing rigid wage costs: They lay off the less efficient workers.
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Right - I'm wondering if this is sufficient to compensate for the issue you cited, that bonuses are less flexible than salaries.
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