He gave his staff a 20% salary increase. In a pandemic!

Who gives their entire team a 20% salary increase in a pandemic?

And why would you tell everyone on your team, ‘Hey we will pay you for five days work a week. But please, only work four days”?

Precision Sourcing did this last week.

• Why would they do that?
• What is the thinking behind this move?
• What are the benefits they are anticipating?
• What are the risks? Have they thought those through?
• How did the team respond to the stunning announcement?
• Is the deal only for current staff? What about new hires?

I asked Managing Director Simon Hair all this and more.

His answers, in the 10-minute video below, are illuminating:

It is true that one real benefit of COVID is a chance to reinvent.

To disrupt your own business. To slaughter sacred cows.

To evolve from recruiting paradigms that no longer work.

Once you have seen the video, read the details here.

Simon promises to provide updates as to how this is working over 2021. Connect to him on Linkedin here.

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And here is my tip for a great 2021.  Read ‘The Savage Truth’. Full of lessons about surviving recessions, but also on how to take advantage of the recovery. Get it here   

50% discount codes now available

(All proceeds of my book sales in 2020/21 go to the Australian Bushfire Relief Fund)

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