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This podcast explores an innovative approach to performance management and compensation structure, leveraging variable compensation tied to personal goals. They discuss the power of autonomy in goal setting and the impact of social pressure. This approach benefits both employees and the company by fostering motivation, job satisfaction, and reduced churn.
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Quick takeaways
- Implementing variable compensation tied to personal goals drives higher performance and job satisfaction.
- Allowing employees to set their own goals fosters autonomy, ownership, and a sense of fulfillment in the workplace.
Deep dives
Implement variable compensation tied to personal goals
A key way to manage talent and drive higher performance is by implementing a level of variable compensation tied to personal goals. Each team member sets their own personal goal, aligned with the company's overall goal. The social pressure of setting good goals automatically motivates individuals. This approach allows for autonomy, ownership, and intermittent reinforcement, benefiting roles not directly tied to sales. By giving employees the opportunity to contribute to the company's growth through a quantifiable goal, it fosters a sense of fulfillment and progress.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode