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082: How to Effectively Compensate Your Employees | Alex Freytag

December 21, 2022
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Email:
LinkedIn:
https://www.linkedin.com/in/alexfreytag/
Website:
https://www.profitworksllc.com/

Episode Summary

Alex Freytag is a great guy who helps business owners get what they want from their businesses and life.

Episode Note

Alex Freytag is an author, an expert in EOS implementation, and the founder of Profit Works. He’s also an all-around great guy whose passion is helping business owners get what they want from their businesses and life. We recently had a discussion on compensation in the workplace and how to earn employees' loyalty. 

The thing about compensation is that it encompasses much more than just money. It includes retention, attraction, and affordability. In this episode, Alex discusses “we” numbers and financial transparency in the workplace. He also explains the difference between intrinsic motivators and extrinsic ones, and so much more. 

Be prepared to take notes! 

In this episode, you will hear:

  • Intrinsic vs. extrinsic motivators for employees
  • How to change the culture in execution, beginning with the leadership team
  • What are “we” numbers, and why are they important
  • How much transparency is appropriate
  • Why you need to know your industry cold and what it takes to move the needle

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