In this episode of Magic in the Room, Chris, Hannah, and Luke make the case that the traditional compensation formula of "wage + cost of benefits + cost of recognition programs" is inadequate for organizations that want to provide meaningful employment. Leaders must be willing to think about compensation in disruptive ways to attract and retain employees by using a new formula, "wage + cost of benefits + recognizing your needs." Recognizing people's needs means listening and being creative in ensuring employees' well-being.

Links mentioned in this episode:

• Compensation by Ralph Waldo Emerson
• Drive: The Surprising Truth About What Motivates Us by Daniel H. Pink

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Music by evangrimmusic.com

Recorded at storycatcher.studio

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