Elevate Classics: Motley Fool's Tom Gardner on Building A Great Culture
Elevate with Robert Glazer
00:00
Innovative Approach to Compensation and Culture Building
The chapter explores a company's unique concept of designated days for employees to ask for a raise and a pay cut, focusing on transparency, trust-building, and career development. It discusses how framing pay cuts can lead to a deeper understanding of individual needs and motivations, while emphasizing the importance of aligning roles with employees' interests and strengths to enhance productivity. Additionally, it delves into fostering a culture of psychological safety, openness, and transparency, and the challenges of integrating new hires from diverse corporate cultures.
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