Are you a business owner who pays your staff more than yourself? Or are you an employee who feels underpaid?
Then this episode is for you! Join hosts Yovanka Loria and Kirsten Harris as they tackle the complex world of wages and business expenses. They discuss the real struggles faced by service-based business owners in balancing the growing demands for wage increases despite less work. You’ll gain insight into how businesses manage pay expectations while maintaining profitability amidst tight cash flow and increasing living costs.
Yovanka and Kirsten also explore the hidden costs of staff absences, the value of education versus experience, unpaid overtime, and the challenge of fairly compensating for expertise. They assess salary models designed to retain talent and strategies for surviving economic downturns. The conversation includes business models that can attract high-paying clients and the essential role of each team member in a business’s success, especially when facing economic pressure.
But it’s not just about the business side. The hosts acknowledge the importance of employees being able to make ends meet in today’s economy and what it means for them when career progression requires a move for higher pay. They discuss how workplace culture influences job satisfaction and the value of non-monetary benefits in making a job worthwhile.
So, whether you're an employer, an employee, or somewhere in between, this episode offers valuable insights into the current state of wages and work culture, don’t miss it!
Read Drive by Daniel H. Pink here: https://www.amazon.com.au/Drive-Surprising-Truth-About-Motivates/dp/1594484805
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Kirsten: @bdbgroup.aus
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