8min chapter

The EntreLeadership Podcast cover image

Game-Changing Leadership Advice From the Working Genius Patrick Lencioni

The EntreLeadership Podcast

CHAPTER

Navigating Compensation Dynamics in Small Businesses

The chapter explores the intricacies of compensating employees in small businesses, focusing on the challenges of addressing entitlement and the importance of viewing compensation holistically. It emphasizes the need for a strategic approach to reward high performers while discouraging entitlement, highlighting the value of non-monetary benefits. The conversation underscores the significance of open communication, humility, and meritocracy in ensuring fair compensation practices and fostering a positive work culture.

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