Heron House Financial Management
Whatever you give staff, you will always get it back, so I find it very short sighted when companies don’t treat their staff well. Every quarter we review the company’s profits and if targets have been reached, or surpassed, we pay a bonus to our staff.
My co-owner and I also sit down and discuss each member of staff’s performance and how much they should receive. We keep how we measure this quite flexible, but it’s usually used in a positive manner, rather than as a punitive measure.
We also think it’s important to involve people’s families. Every year we have a staff day out to help with team building (it was rock climbing this year), and people can invite their spouses along for dinner and the night at the hotel.
In the summer we also have a family day where everyone brings their kids. It means that if there is ever issues at home people can be more comfortable in sharing what is going on. We are also happy to grant unpaid leave.
This year one of the younger members of staff is going off to do the Mongol Rally and we’ve been happy to give him time off and support his charity.