Are You Paying Your Employees Too Much? | Ep 29

Are You Paying Your Employees Too Much? | Ep 29

“Other people in your business are not responsible for obeying the feeling of guilt that you have.” Today, Leila (@LeilaHormozi) shares with us how companies often make the mistake of compensating employees inappropriately based on personal beliefs about money, which can lead to overpaying and setting improper expectations. She also suggests developing a pay methodology based on fair market value and avoiding paying people more incorrectly, which can set them up for failure in the long run.

Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.

Timestamps:

(2:45) - Entitlement develops with pay & overpaying sets up failure

(5:21) - Pay should not be tied to emotions

(6:30) - False belief #1: more profit equals more pay

(8:12) - False belief #2: sudden increase equals raise

(10:06) - False belief #3: more money equals better people

(11:12) - Make a pay methodology to avoid guilt

Follow Leila Hormozi’s Socials:

LinkedIn | Instagram | YouTube | Twitter | Acquisition

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Training Your Team Should Be Simple - 3 Steps | Ep 263

Training Your Team Should Be Simple - 3 Steps | Ep 263

Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.Want to scale your business? Click here. Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

16 Huhti 15min

Elon Musk's 6 Rules to Get Ahead of 99% of Businesses | Ep 262

Elon Musk's 6 Rules to Get Ahead of 99% of Businesses | Ep 262

Want to scale your business? Click here. Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

14 Huhti 25min

The 3 Shifts I'm Making To Uplevel My Personal Operating System | Ep 261

The 3 Shifts I'm Making To Uplevel My Personal Operating System | Ep 261

Want to scale your business? Click here. Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

9 Huhti 18min

How Heidi Somers Built a $100M Business From Her Living Room | Ep 260

How Heidi Somers Built a $100M Business From Her Living Room | Ep 260

Want to scale your business? Click here. Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

7 Huhti 1h 44min

How To Let Go Of Leaders Who Don't Fit | Ep 259

How To Let Go Of Leaders Who Don't Fit | Ep 259

Want to scale your business? Click here. Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

4 Huhti 27min

Don't Outsource Recruiting Your Top Leaders, Here's Why | Ep 258

Don't Outsource Recruiting Your Top Leaders, Here's Why | Ep 258

Want to scale your business? Click here. Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

2 Huhti 19min

How Nvidia Built a $1.7 Trillion Company by Breaking EVERY Rule | Ep 257

How Nvidia Built a $1.7 Trillion Company by Breaking EVERY Rule | Ep 257

Want to scale your business? Click here. Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

31 Maalis 20min

My Step-By-Step Process For Recruiting High-Level Talent | Ep 256

My Step-By-Step Process For Recruiting High-Level Talent | Ep 256

Want to scale your business? Click here. Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.Follow Leila Hormozi’s Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

26 Maalis 14min

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