1 Oct 2022

EP36: Handling Pay Discussions

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Episode 36: Handling pay discussions

This is one of those things that every business owner will have to deal with at one stage or another, so it is definitely best to be prepared. At the end of the day, it’s basic human nature, one of the most prominent human desires is to feel important. Most people feel important when they are appreciated, and most people associate appreciation with pay. The good news is there’s more ways to make someone feel appreciated than money.

The labor market is extremely competitive, so your guys are always going to hear about others being paid more, they are probably being approached by other businesses to work for them on a higher wage. But there are things you can do that will stop your team members from taking those offers and put you on the front foot when it comes to that unavoidable pay discussion. The best part is these tips and tricks won’t cost you anything.

In this episode you’ll learn about brightness of future and how it can dramatically increase staff engagement and retention. There is an epic tip on creating margin to give your team pay rises, and even where you should be in comparison to other businesses when it comes to pay rates. Dealing with staff asking for pay rises can be super simple and even beneficial for both you and your team if you know how to handle it.

WHAT YOU’LL GAIN FROM IMPLEMENTING TODAYS PODCAST:

  • How to reframe pay conversations so you don’t lose all the power
  • An epic hack for creating the margin to give your team pay rises (you won’t even have
  • to lift a finger)
  • The brightness of future concept and how it can give you power in pay discussions,
  • increase staff engagement, and increase staff retention

LINKS MENTIONED IN THIS EPISODE:

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