Managing Talent To Drive Higher Performance | Ep 356

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 21 December 2021

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

All for one and one for all! Today, Alex (@AlexHormozi) talks about interesting ways to manage higher talent get good performance, and give your team purpose to feel like they’re also contributing to the overall growth of the business!

Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.

Timestamps:

(1:06) - In order to drive higher performance, here are two things you need to consider: need better people and get them to work efficiently – psychological levels and compensation

(3:50) - There are different ways to manage talent: the skills they have as they go higher and the level of compensation in every position

(5:36) - You get to set the goal every month for employees (autonomy). If everybody sets their personal goal aligned with the business, then a good sense of social pressure will push them to set higher goals

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Transcript

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0:00.0	Real quick, guys, if you can think about how you found this podcast,
0:02.8	somebody probably tweeted it, told you about it, shared it on Instagram, or something like that.
0:07.4	The only way this grows is through word of mouth.
0:09.9	And so I don't run ads, I don't do sponsorships, I don't sell anything.
0:13.2	My only ask is that you continue to pay it forward,
0:15.6	do whoever showed you or however you found out about this podcast that you do the exact same thing.
0:19.5	So if it was a review, if it was a post, if you do that, it would mean the world to me,
0:23.3	and you'll throw some good comment out there for another entrepreneur.
0:25.6	Really, really interesting way of managing talent to get and drive higher performance in output.
0:33.0	Welcome to the game where we talk about how to get more customers, how to make more
0:35.9	customers, how to keep them longer, and the many failures and lessons we have learned
0:39.1	along the way. I hope you enjoy and subscribe.
0:43.6	A good friend of mine in my building had a really, really interesting way of managing talent
0:50.0	to get and drive higher performance in output. And this will be a short video,
0:54.6	but I wanted to share it with you. So if you're new to the channel, my name is Alex Ramuzzi,
0:57.5	I own acquisition.com, we do about $85 million a year, and I have nothing to sell you.
1:01.8	And so the reason I wanted to make this video is because at the end of the day,
1:04.9	every entrepreneur has the same problem, which is they need better people,
1:07.4	and they need to get more out of the people that they have. And a lot of that comes from culture
1:10.8	and training. But every once in a while, you stumble upon a process that has teeth.
1:15.6	And so I haven't implemented this yet. It's not normal for me to make a video about something
1:21.7	like this, but we will be implementing something like this in our holding company.
	...

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