“Companies aren't willing to match salaries with inflation." Today, Leila (@LeilaHormozi) shares with us the rising cost of labor is discussed, and its implications on businesses and employment. She also provides insights and tips on how small businesses can attract talent and remain competitive despite the increasing labor cost.
Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.
Timestamps:
(3:04) - Unemployment numbers may not reflect job market.
(5:51) - Compensation hasn't kept up with inflation.
(8:30) - Pay top of market or consider performance-based compensation.
(10:40) - Partner for training perks. Offer flexibility and embrace remote work.
(12:07) - Allow remote work to increase convenience and productivity.
(12:50) - Invest in employee intellectual growth with seminars and courses.
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