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Viliam_Bur comments on Rationality Quotes September 2014 - Less Wrong
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Instead of giving your employees $100 raise, give them $1200 bonus once in a year. It's the same money, but it will make them more happy, because they will keep noticing it for years.
It'll also be easier to reduce a bonus (because of poor performance on the part of the employee or company) than it will be to reduce a salary.
I say give them smaller raises more frequently. After the first annual bonus, it becomes expected.
Intermittent reward for the win.