Are you a business owner who is responsible for the determining the pay of your team members? If so, then you know how tricky this can be. There are so many variables to consider!
My guest today is Daniel Koffler, CEO of New Frontiers executive function coaching. He leads a team of coaches, but isn’t clear on how exactly he should compensate and reward them for their amazing work. His team members have an array of responsibilities, so compensation is a bit of a gray area. Daniel also wants to ensure that their pay is sustainable.
I recommend that Daniel take stock of where they already are today. What are his team members doing right now that is generating the most value? How are they currently being rewarded? Then he can start to develop a process and rules that each team member can understand so there are no gray areas.
Listen to this episode for the nitty-gritty details on what goes into creating payment structures and opportunities for your team members.
https://www.frameofmindcoaching.com/the-frame-of-mind-coaching-podcast
Read the episode’s transcript here:
https://www.buzzsprout.com/1252997/episodes/10245263
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