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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The 5 Responsibilities Of A CEO | Ep 247

The 5 Responsibilities Of A CEO | Ep 247

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

3 Mars 27min

Fix Underperformance On Your Team With These 3 Tactics | Ep 246

Fix Underperformance On Your Team With These 3 Tactics | Ep 246

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

28 Feb 6min

Nail It Before You Scale It | Ep 245

Nail It Before You Scale It | Ep 245

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 Feb 22min

3 Things To Do When You're In An Entrepreneurial Funk | Ep 244

3 Things To Do When You're In An Entrepreneurial Funk | Ep 244

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

24 Feb 19min

5 Hiring Strategies To Attract Top Talent FASTER | Ep 243

5 Hiring Strategies To Attract Top Talent FASTER | Ep 243

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

21 Feb 22min

How To Scale Your Leadership Without Losing Your Team (Or Your Mind) | Ep 243

How To Scale Your Leadership Without Losing Your Team (Or Your Mind) | Ep 243

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

19 Feb 16min

The Values, Culture, and Drive That Built $550M ButcherBox with Mike Salguero | Ep 242

The Values, Culture, and Drive That Built $550M ButcherBox with Mike Salguero | Ep 242

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

17 Feb 1h 29min

"I'd Like To Be At A Billion" | Ep 241

"I'd Like To Be At A Billion" | Ep 241

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 Feb 40min

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