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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What Alex Hormozi And I Accomplished In Q1 And HOW We Did It | Ep 255

What Alex Hormozi And I Accomplished In Q1 And HOW We Did It | Ep 255

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 Mars 53min

Helping Small Business Owners Navigate Their Biggest Problems | Ep 254

Helping Small Business Owners Navigate Their Biggest Problems | Ep 254

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

20 Mars 21min

My POWER Framework For Taking Control Of Your Time | Ep 253

My POWER Framework For Taking Control Of Your Time | Ep 253

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

18 Mars 19min

Belief In Yourself Is Nonnegotiable | Ep 252

Belief In Yourself Is Nonnegotiable | Ep 252

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 Mars 21min

You're Responsible For The Skill On Your Team (But Not The Will) | Ep 251

You're Responsible For The Skill On Your Team (But Not The Will) | Ep 251

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

12 Mars 39min

The Difference Between Pain and Suffering | Ep 250

The Difference Between Pain and Suffering | Ep 250

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

10 Mars 21min

Advice For Choosing A Life Partner | Ep 249

Advice For Choosing A Life Partner | Ep 249

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

8 Mars 9min

The 3-Step Decision Making Framework I Teach My Team | Ep 248

The 3-Step Decision Making Framework I Teach My Team | Ep 248

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

6 Mars 17min

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