The Game with Alex Hormozi Managing Talent To Drive Higher Performance | Ep 665
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Jan 29, 2024 Explore innovative strategies for managing talent that drive high performance. Discover how aligning personal goals with company objectives can enhance motivation and job satisfaction. Learn about the power of autonomy in goal setting and how variable compensation impacts employee engagement. This approach not only reduces turnover but also creates a thriving team culture. Uncover the benefits for both employees and the organization with fresh perspectives on performance management.
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Previous Compensation Model
- Alex Hormozi discusses his company's previous compensation model.
- It involved management by objectives (MBOs) split between company and individual goals.
Variable Compensation and Goal Setting
- Implement variable compensation tied to personal goals.
- Let employees set their own goals, fostering autonomy and ownership.
Social Pressure and Goal Setting
- Public goal setting creates social pressure for higher achievement.
- This dynamic naturally encourages employees to set ambitious goals.