Verne Harnish is the Owner of Scaling Up, a company that provides education, coaching, and technology services to help mid-market companies worldwide build and execute a strategic plan. Scaling Up has over 180 partners on six continents. Verne chairs the annual ScaleUp Summits and serves on several boards, including Chair of The Riordan Clinic, Co-founder and Chair of Geoversity, and Board Member of the Million Dollar Women community.
As a world-leading expert, keynote speaker, author, and entrepreneur in the business growth field, Verne has spent more than 30 years educating entrepreneurial teams. Verne is the Founder of the Entrepreneurs' Organization (EO), which has over 16,000 members worldwide. He served for 15 years as Chair of EO's premiere CEO program held at MIT. Verne is the author of multiple best-sellers, including Mastering the Rockefeller Habits, The Greatest Business Decisions of All Time, and Scaling Up, which has been translated into 22 languages and won eight major international book awards.
In this episode…
In today's volatile labor market, companies like Google are deciding to cut pay for remote workers. As a result, these employees are going to work for businesses with higher compensation. So, how can you attract and retain talent to scale your company?
World-renowned business growth expert Verne Harnish advises organizations to regard compensation and price from equal perspectives. This involves assessing employees' demands for higher pay and your company's need for top talent. By increasing wages and offering incentives, leadership training, and workforce development, you can hold onto skilled workers and reduce labor costs to grow your business.
In today's episode of What The Teck?, Rolando Rosas and Dave Kelly interview Verne Harnish, Owner of Scaling Up, about employee compensation. Verne discusses how businesses can attract and retain employees, how leaders can adapt to the shift in employee culture, and how remote work has changed the business landscape.