Second in Command: The Chief Behind the Chief with Cameron Herold

Ep. 393 - Q&A from CEOs & COOs: Changing Titles and Changing Pay Plans


Listen Later

In today's episode of the Second in Command, Cameron discusses a bold organizational overhaul that reshaped roles and titles across a rapidly growing company. 

You'll hear the story of a strategic decision to reevaluate and retitle all 600 employees of a company in a single day. This move aimed to align titles with actual job scopes, from VP-level roles down to directors, ensuring clarity and fairness in organizational structure. 

Cameron explores the complexities of compensation tied to strategic insight, P&L responsibility, and autonomy, highlighting the importance of accurate job classification in fostering a cohesive and productive workforce. 

This episode offers insights into navigating organizational growth and maintaining operational effectiveness through decisive leadership actions.

If you've enjoyed this episode of the Second in Command podcast, be sure to leave a review and subscribe today!



In This Episode You'll Learn:

  • Why, in rapidly growing companies, early employees may receive inflated titles like VP without corresponding responsibilities. (1:27)
  • Why it's better to retitle everyone in the organization on a single day to align titles with actual responsibilities. (2:41)
  • The reasons why titles should reflect strategic insight, P&L responsibility, and autonomy. (4:46)
  • The importance of basing compensation on local cost of living and market rates to ensure fairness across different regions. (6:54)
  • The value of clear communication and transparency when making organizational changes to avoid confusion and dissatisfaction among employees. (9:16)
  • And much more...


Resources:

Subscribe, Rate & Review

I'd love you to subscribe to the podcast and leave an honest rating & review. This will encourage others to listen and grow as a community.

  • YouTube - Second In Command Podcast - https://www.youtube.com/@secondincommandpodcast 
  • YouTube - Cameron Herold Leadership - https://www.youtube.com/@CameronHerold 
  • COO Alliance - https://cooalliance.com/ 
  • Cameron’s newest book - The Second In Command - https://a.co/d/287lESq 
  • Cameron’s Online Leadership Course - https://investinyourleaders.com/ch  
  • Cameron’s Website - https://cameronherold.com/ 
  • Instagram - https://www.instagram.com/cameron_herold_cooalliance/ 


...more
View all episodesView all episodes
Download on the App Store

Second in Command: The Chief Behind the Chief with Cameron HeroldBy Second in Command with Cameron Herold

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

219 ratings


More shows like Second in Command: The Chief Behind the Chief with Cameron Herold

View all
Coaching for Leaders by Dave Stachowiak

Coaching for Leaders

1,481 Listeners

Built to Sell Radio by John Warrillow

Built to Sell Radio

208 Listeners

It's a Good Life by Brian Buffini

It's a Good Life

2,537 Listeners

Founders by David Senra

Founders

1,754 Listeners

The Martell Method w/ Dan Martell by Dan Martell

The Martell Method w/ Dan Martell

329 Listeners

THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

THE ED MYLETT SHOW

14,023 Listeners

The ONE Thing by Keller Podcast Network

The ONE Thing

1,127 Listeners

How Leaders Lead with David Novak by David Novak

How Leaders Lead with David Novak

565 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,269 Listeners

The Double Win by Michael Hyatt & Megan Hyatt-Miller

The Double Win

1,434 Listeners

Maxwell Leadership Podcast by John Maxwell

Maxwell Leadership Podcast

2,451 Listeners

My First Million by Hubspot Media

My First Million

2,619 Listeners

Coaching Real Leaders by Harvard Business Review / Muriel Wilkins

Coaching Real Leaders

591 Listeners

Build with Leila Hormozi by Leila Hormozi

Build with Leila Hormozi

825 Listeners

BigDeal by Codie Sanchez

BigDeal

697 Listeners