How To Set Up A Performance Management System

By Kristopher B. Jones, serial entrepreneur and investor. Kris is the founder of 2020 SEO Agency of the Year Finalist LSEO.com.

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When deciding what kind of internal culture you want your business to have, you will inevitably arrive at the issues of promotions and raises. You have two basic ways to promote your employees to higher positions: seniority or merit (or a combination you define).

With seniority-based raises and promotions, you reward your longest-serving employees, but there’s no guarantee those people have actually earned those benefits. Essentially, someone can make more money simply by showing

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