Where There’s a Will There’s a Way
Business
Summary:
On this episode of Where There’s a Will, There’s a Way, host Will Crist talked with Alex Freytag, an expert EOS Implementor. Alex is also the author of Profit Works, a book that unravels the complexity of incentive plans in order to increase employee productivity, cultivate an engaged workforce, and maximize company potential. Throughout the episode, Will and Alex discuss his EOS journey and the importance of properly compensating employees.
Shownotes:
(1:13) Introduction to Alex
(1:43) Alex’s EOS Journey
(7:40) The Benefit of Employee Compensation
(10:48) How Pressure Impacts Performance
(13:19) Human Reactions to Being Rewarded
(18:19) We First vs. Me First
(21:18) Identifying Effective Incentives
(25:48) Incentive Plans with Company-wide Input
(30:53) About Profit Works
(32:49) Utilizing People as Assets
(34:09) Purpose of Profit Works
(38:27) Quality Relationships in the Workplace
(42:52) Closing Thoughts
Links:
Will Crist
EOS
Alex Freytag
Quotes:
“Well and that really is what we as EOS implementers aim at isn’t it, it’s to really help businesses thrive.” - Will Crist, (5:54)
“So if we talk about employee retention and you talk about attraction and best places to work, the companies that are able to balance those rewards, their workforce is the one that tends to be the most successful from a profitability standpoint and from a growth standpoint.” - Alex Freytag, (8:32)
“The amount of pressure in an organization is directly correlated to performance, and so companies that don’t apply any pressure in the organization, no standards of performance, no expectation, no core values, no measurables, no scorecards, no 10-year target, and so forth, tend to have lower levels of performance than the companies that turn that dial up on those expectations…” - Alex Freytag, (11:47)
“...pick a minimum threshold of profit that the company has to reach before the incentive plan kicks in and then arm your workforce with tools and training and resources to actively find the money to incremental profit dollars over that threshold.” - Alex Freytag, (24:26)
Contact Will Crist
Jason Junge, Pointer Top
Eric Morley, Blue C
Jared Rosenthal, StaffGlass
Charles Antis – Founder & CEO, Antis Roofing & Waterproofing
BruceWilliam, HaulTail
Scott and David Coles, WMBC
Chad Willardson, Author
Kunal Verma, AppZen
Alice Comb, Author
Micah Bevitz, iTelecom
Robert Bruch
Dennis Dix, Cerity
Gerard Frigon, Taylor Frigon Capital Management, LLC
Dr. Grover, Plastic Surgeon
Joe De Pinto and Dan Wagner, Barpay
Ken Kladouris, Author
Mike Nunez, Incfile
Heidi Hertel, Fitz Frames
Josh Wilbur, Steeped Coffee
Chris Richardson, Real Estate
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Gorse Culture PODcast : The H.R. Detective Agency!
The Ramsey Show
Planet Money