The role money plays in recruiting and how to keep your team
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Show Notes
In this episode, we dig into the complex relationship between compensation and employee retention. While money is often seen as a primary driver for keeping talent, it's not always the deciding factor. We explore how an employee's perceived value within a company can significantly impact their loyalty and long-term commitment. Employees stay not just for the paycheck but because they feel valued and recognized for their contributions. By creating an environment where compensation is aligned with personal value, business owners can foster greater engagement and reduce turnover. Joining me to unpack this topic are Dion Haar and Gary Banks from Talent United, who bring their expertise in talent acquisition and share practical insights on how businesses can leverage these strategies to enhance retention.
The Mastermind for Business podcast is powered by Business Accelerator Mastermind, a coaching program that helps service business owners and professionals double their revenue whilst halving their time in the business. Each week, Mark Creedon, a Business Coach at Business Accelerator Mastermind, speaks with some of the best business minds in the world and shares simple, practical steps you can take to create the business you always wanted.
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The significance of timely decision-making in business and its impact on your success.
How to identify the right moments to pause and assess your business strategies.
Implementing course corrections that enhance business efficiency.
The tools and techniques that can help you stay agile and responsive to market changes.
The balance between steadfastness and flexibility in business planning.
Importance of feedback loops in continuously improving your business processes.
Advice on transforming challenges into opportunities for growth.
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Mastermind Business Accelerator is a hands-on practical program aimed at driving results fast. Spearheaded by Mark and Caroline Creedon and a range of highly qualified experts, the program will give you back the freedom you hoped for when you first started your business or professional practice. With his coaching program, Business Accelerator Mastermind, Mark helps business owners maximise their time, set and achieve goals, while remaining accountable.
