Nuseir Yassin argues bonuses demotivate workers. Instead, he pays higher monthly salaries, returns 10% of quarterly profits to employees, and gives raises to top performers immediately. Unhappy staff can leave anytime, not trapped waiting for a payout.
Controversial opinion: I don't give bonuses in my company. No end-of-year bonus. No holiday bonus. Send this to your boss: "Bonus should be every day, not once a year." The monthly salary should be high enough every month so you don't need a bonus. Most people are stuck in companies with low monthly salaries and high end-of-year bonuses. These people are not productive. They're not excited. They're just waiting for the bonus to quit. I want people to quit my company when they are unhappy without waiting for anything. That's why we increase monthly pay, we remove all bonuses, and we give back 10% of the company profits every 3 months to the team. So we all do well together. And if someone does well, they get immediate salary raise, no waiting for end-of-year reviews. If you're thinking of joining a company or starting your own company, get get rid of bonuses and just pay a fair salary every month. See you next week.
