Pay raises…the first time I did it I had no clue what I was doing.
I just thought my OFS was doing such a great job with work that I randomly gave him a $50/month raise.
Actually…before that raise happened I had given him a $50 bonus one time because of something great he did that month.
To be honest, I still don’t know what I’m doing.
I just try to treat people fairly.
If I think someone does really well, I give a bigger raise.
I’ve never done a “performance evaluation” with someone. Maybe I should? It’s not my personality or management style.
I talk through it in full detail in this video:
In the end, there isn’t a standard for pay raises with OFS.
Do what you think is fair.