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Concreate

Concreate, Inc. delivers concrete polishing and custom staining for both commercial and residential projects primarily in Virginia and Maryland (but also up and down the East Coast). We work hand in hand with with designers, architects, project managers, general contractors, tradesmen, and home owners alike from start to finish. We welcome the opportunity to serve your polished concrete needs in every way possible.

icon_widget_image Monday-Friday: 8am to 5pm; Sunday: CLOSED icon_widget_image 835 A Grove Rd. Midlothian, VA 23114 icon_widget_image 804-767-8301 icon_widget_image info@thisisconcreate.com

Crafting a Non-Traditional Compensation Plan

Crafting a Non-Traditional Compensation Plan

Verne Harnish

Verne Harnish is the Founder and CEO of Scaling Up, a global executive education and coaching company with 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.

Verne is the Founder of the Entrepreneurs’ Organization (EO), a peer-to-peer network for entrepreneurs with over 14,000 members worldwide. He is also a keynote speaker and the author of multiple best-sellers, including Mastering the Rockefeller Habits and Scaling Up — which has been translated into 23 languages and won eight major international book awards.

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Here’s a glimpse of what you’ll learn:

  • Why is compensation so hard to get right?
  • Verne Harnish explains why you should gamify your compensation system
  • Verne shares examples of successful compensation methods in different companies
  • How to compensate both in-house employees and subcontractors
  • Finding common ground and building trust with employees
  • How the Scaling Up Compensation book can help you turn compensation expenses into a strategic advantage
  • Verne’s tips for setting employees up for success

In this episode…

Why is compensation so hard to get right?

According to Verne Harnish, compensation can be tricky because you deal with people who all have different ideas and expectations. If you want to improve your compensation system, you need to think outside of the traditional methods. Verne suggests gamifying your compensation plan to motivate employees — because everyone wants to win. In addition to this, owners need to build trust and be transparent with their team, helping them achieve personal wins along the way. When you align these strategies with your compensation system, your business will reap the benefits.

In this episode of This is Concrete, Chad Gill joins Verne Harnish, the Founder and CEO of Scaling Up, to talk about transforming your compensation plan. Verne shares tactics from his book, Scaling Up Compensation, techniques to motivate employees and incentivize customers, and examples of companies who have successfully revolutionized their compensation methods. Stay tuned!

Resources Mentioned in this episode

Sponsor for this episode

This episode is brought to you by Concreate.

Concreate is a custom concrete flooring company that delivers polishing, staining, and more for both commercial and residential projects.

Our passionate team helps designers, architects, tradesmen, business owners, and homeowners transform plain concrete surfaces into clean, distinctive, and enduring masterpieces.

Whether you are a large-scale hospitality company like Marriott, an Amazon warehouse, or one of our many residential customers, we want to help you create an affordable and stylish surface.

So, what are you waiting for?

Go to thisisconcrete.com or email us at info@thisisconcreate.com to learn more about Concreate today!