John Jonas explains how he gives raises to his OFS team. He warns against one-off raises that set expectations: a $5/hour worker getting $1/hour increases yearly could double their wage in five years. Better to give what you can sustain long-term.
One thing I would consider, and something we consider is sustainability. So we look at what we can afford to give and we could afford to give more or we could afford to give less, depending on how much we're making, whatever it is. But just because you can afford more doesn't make that correct. It does set an expectation for the future. And what we hope to have is a sustainable long term working relationship with people. And if you give really big raises or once or twice, then really big raises become expected. And if that's sustainable for your business, it's a different story. But if you're giving, if you have a $5 an hour person and you're giving a six, a dollar an hour raise, six, next year you're going to be at seven and next year you're going to be at eight and nine and ten in five years, you know, they've, their, their wage has doubled in five years, which, okay, great, as long as you, your business can sustain that. And that's, that's what I'm working towards is you want this to be sustainable. And if you're giving raises that aren't sustainable over time, that's a problem.
Stop Being the Dispatcher, Start Being the CEO: How to Scale Your Field Operations 🛠️
