358. How to Pay People Properly: Your No Bullsh!t Guide to Remuneration
No Bullsh!t Leadership · Your CEO Mentor
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Show Notes
The biggest cost item on most P&Ls is labour. You’ll probably spend more money this year paying people than you will on any other operating expense.
But do you know what you’re paying for? And do you know how to get the most from this major investment of your company’s resources?
We’ve had several questions from the leaders in our current cohort of Leadership Beyond the Theory on the relationship between remuneration, motivation, and performance.
That’s why, in this episode, I’m going to give you a definitive overview of how remuneration works. It gets pretty complicated in parts, so to make it easier, we’ve produced a free downloadable PDF (it's 13 pages, we didn't leave anything out), which has the complete remuneration guide
Let’s face it, you’re making decisions that affect people’s livelihoods, so it’s important you know what you’re doing.
From base salary, to STI’s…from long-term share options to sign-on bonuses…My goal is to completely demystify remuneration for you, so that you can be more judicious about how you apply financial rewards!
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