306 - Compensation with Dave Asprey - 'Entrepreneur Disrupted' Series - Ep #10

Discussing compensation is often tricky for both employer and potential employee, but it doesn’t have to be. In this episode, Jay and Dave discuss how you should approach the discussion of salary at the interview stage and how to get the best outcome for both parties. You’ll hear how to prepare for the interview, how to name your price and also how to deal with raises, bonuses and stock options.In this series, Jay partners with Dave Asprey to cover many of the questions, topics, and issues that entrepreneurs will face in their journey. Learn more about how Leverage can help you with Asana here: https://www.getleverage.com/asanaTimestamps:•0:00 – Introduction•2:30 – Crafting the perfect job description and how/when to offer the right compensation•5:45 – How to ace every single interview and get more money at the interview stage•9:10 – Negotiating compensation and building trust between employer and employee•13:20 – How you keep A-players happy, why you shouldn’t worry about paying above the market average & how to determine what to pay someone•16:00 – How to increase your teams productivity by using Asana and Leverage•18:10 – Why you should keep a flexible mindset within your team•22:00 – Asking for expectations: Why you should get your potential employee to name their price•26:00 – How to deal with raises, bonuses and stock options•29:45 – Ask people what they’re looking for and not what they used to get•33:00 – How to be a great negotiator and how Jay approaches interviews•37:10 – Don’t negotiate to the lowest possible number and what you absolutely shouldn’t say•40:45 – Increase your productivity with Leverage and Asana