What is the key struggle that CEOs face in decision-making?
CEOs struggle with balancing confidence and open-mindedness in decision-making.
Why is demotion a better option than firing for employees?
Demotion allows employees to stay in the company and maintain their reputation while still addressing performance issues.
What are the potential consequences of taking away an employee's compensation and demoting them?
The consequences can include a negative impact on productivity and respect from colleagues.
How can giving an employee a raise make them feel?
Giving an employee a raise can make them feel appreciated and valued.
Why is it important to have a formal evaluation process for raises?
Having a formal evaluation process prevents creating a culture of encouraging behavior and making other employees feel undervalued.