How do you compensate people? How do you bonus them? How do you keep a team happy over time? If you’re trying to attract (and keep) great employees, you will appreciate Ezra’s clarity and insight on this subject. This clip is taken from his Blue Ribbon Mastermind.
You will hear a winning approach to:
- Pay structure and perks
- Culture and work-life balance
- Equity Incentives and Phantom stock
“Compensation goes beyond what you pay somebody.” Ezra Firestone.
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00:00 “This is fundamentally how we run and compensate a team – and think about that strategically, so that people feel fairly compensated. People feel like there’s room for them to grow. People feel like they can make money when the company makes money – and people want to stick around…” Ezra Firestone.
00:37 A question we get asked a lot…
02:44 Let’s Talk About Pay Structure
05:13 Ezra’s Employee Mantra
08:19 Make It Fun
11:36 People Want To Ascend.
13:47 Equity Incentives.
15:09 Half-Day Fridays.
16:21 Phantom Stock.
If you’re curious about the Blue Ribbon Mastermind, check out https://smartmarketer.com/mastermind/.
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