The Game with Alex Hormozi Managing Talent To Drive Higher Performance | Ep 356
Dec 21, 2021
Discover innovative strategies for managing talent to boost performance and align team goals with company success. Learn how variable compensation and autonomy promote productivity and employee satisfaction. Dive into the importance of fostering employee growth to reduce turnover and create a thriving workplace. Plus, grab a special gift: a comprehensive Scaling Roadmap for tailored business growth!
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A New Management Strategy
- Alex Hormozi learned a new management strategy from a friend in his building.
- The strategy involves variable compensation tied to both company and personal objectives.
Variable Compensation and Goal Setting
- Implement variable compensation tied to both company and individual goals.
- Let employees set their own monthly goals, fostering autonomy and social pressure.
Psychology of Goal Setting
- Public goal setting creates social pressure, encouraging more ambitious targets.
- Autonomy and ownership over goals increase employee engagement and motivation.