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The $100 MBA Show

MBA2178 Guest Teacher – Jen L’Estrange – How to Be Creative with Compensation

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 14 November 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

There’s way more to employee compensation than a number. When you’re trying to figure out what to offer a potential new hire, the dollars and cents are only the beginning. It’s time to take a big step back, and think differently.

Transcript

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0:00.0

Heyo!

0:10.4

Welcome to the $100 MBA show, delivering business building goodness every single day with our daily 10 minute business lessons for the real world.

0:18.0

I'm your host, your coach, your teacher, Omar's at home.

0:21.0

I'm also the co-founder of Webinar Ninja, an independent software company. I

0:24.7

started with my co-founder back in 2014. In today's episode is a guest teacher episode.

0:30.0

On our guest teacher episodes, we bring on an expert to teach their area of expertise.

0:34.4

Today we have Jen Lestrange, and she'll be teaching you how to be creative with compensation.

0:39.7

When it comes to making your hires and compensating your team members, you have more choice than you think.

0:46.0

There's a lot of levers you could pull. Pull to your advantage and attract the right team members.

0:52.8

No matter how big or small your business is.

0:54.9

Gen Lestrange is the managing director of Red Clover,

0:58.1

an outsourced HR firm that she founded.

1:00.9

She's fanatical about helping companies define their strategies

1:04.3

and achieve their goals. And she's here today to define those levers of

1:08.7

compensation and show you how you can actually use them to your advantage to achieve your business goals.

1:16.5

So what you offer actually encourages the behavior that will allow you to have a successful

1:22.3

business and hit your targets.

1:24.6

It's not just about the dollar bills and Jenna's gonna show you why and how.

1:28.7

So let's get into it, let's get down to business.

1:39.1

Like I mentioned, Jenna Strange is the founder of Red Clover over at red clover H.com. She knows exactly how to put together an amazing compensation package for your team, regardless of how

1:46.1

big or small your team is.

1:48.1

You might think you can't attract Great Town because maybe you don't have a ton of cash on hand or all the great perks that Google or

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