Managing Talent To Drive Higher Performance | Ep 665

It’s about allowing them to have complete control over their goals. Today, Alex (@AlexHormozi) explores an innovative approach to performance management and compensation structure that drives higher outcomes. By leveraging variable compensation tied to personal goals aligned with company objectives, the strategy fosters motivation, job satisfaction, and reduced employee churn, benefiting both sales and non-sales roles.

Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.

Timestamps:

(1:12) - The concept of variable compensation

(3:18) - The power of autonomy in goal setting

(4:32) - The impact of social pressure on goal setting

(5:53) - The benefits of this approach for employees and the company

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(This episode is a re-run. Original airdate was December 21, 2021)