World's Greatest Boss Jackie Koch

Have you ever wanted to implement bonus structures and profit-sharing plans? Or maybe you have a structure in place but it isn't quite going as planned. We're going to cover all of the options in this episode!
I kick off by exploring salary-based bonus structures, sharing how they provide a reliable incentive for employees. Then, I dive into performance-based structures, uncovering how they help employees excel in their individual or team goals and contribute to the overall success of the company. I also unravel effective strategies for implementing profit-sharing plans, shedding light on how they foster a sense of ownership and collaboration among team members!
Whatever structure you choose, communication is key, and I share invaluable insights on how to effectively communicate and adjust bonus plans to align with evolving organizational goals and employee performance. By maintaining transparency, leaders can build trust and foster a positive work culture where employees feel valued and recognized for their contributions.

Tune in now and unlock the secrets to fostering a motivated and engaged workforce!

What you'll hear in this episode:
[1:10] Exploring Bonus Structures and Profit-Sharing Plans
[1:45] Salary-Based Bonus Structures
[5:35] Performance-Based Structures
[10:15] Strategies for Implementing Profit-Sharing
[13:50] Communicating and Adjusting Bonus Plans
[14:15] Discretionary Bonuses and the Importance of Transparency

Listen to Similar Episodes:
160. Strategies for a Positive Workplace with Aisha Marshall
169. Maximize Team Performance with This Simple Tool
170. How to Motivate Your Team and Build Culture with Cory Charles

* Connect with me on LinkedIn https://www.linkedin.com/in/jackiemkoch/
* Find more information on my website peopleprinciples.co

Shannon is back to discuss the importance and impact of intentionally creating a positive culture in small businesses! Businesses of any size can benefit from establishing strong core values and a culture of growth and learning. Shannon Weinstein, a CPA turned entrepreneur, shares her journey from corporate to creating a unique accounting firm that breaks stereotypes and fosters a culture where continuous learning, empowerment, and employee development are prioritized.
Through strategies like aligning team values with company goals, leveraging resources for effective onboarding, and encouraging lifelong learning, you can inspire loyalty and motivation in your team. Our conversation also explores creative benefits programs, utilizing existing content for training, and the importance of setting expectations for growth, showcasing how even non-traditional approaches can significantly contribute to developing a motivated and cohesive team!
What you'll hear in this episode:
[2:45] Building a culture in small teams
[5:55] Shannon's journey from corporate to entrepreneur
[6:30] The importance of culture when hiring
[12:00] Creating a learning culture and benefits
[22:35] Innovative onboarding and training strategies
[25:45] Leveraging content for training and development

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170. How to Motivate Your Team and Build Culture with Corey Charles

* Connect with Shannon on LinkedIn https://www.linkedin.com/in/shannonkeane/

* Connect with me on LinkedIn https://www.linkedin.com/in/jackiemkoch/
* Find more information on my website peopleprinciples.co

Spoiler alert: the answer is probably yes! Take a deep dive with me into the critical yet often overlooked requirement of Worker's Compensation Insurance for small business owners. Drawing from my firsthand experience, I underscore the severe financial risks and legal trouble you could face without this insurance.
Even if you have a remote workforce or you're the only employee in your business, there are legal requirements you must meet. I provide a detailed overview to help you assess your workers' compensation insurance needs, select the right policy, and ensure compliance with state-specific regulations.
This episode is a resource aimed at empowering you to proactively secure workers' compensation insurance to stay in compliance and safeguard your business's future!

What you'll hear in this episode:
[1:05] The importance of workers' compensation
[3:20] A brief history of workers' compensation
[5:35] Understanding the impacts today
[8:30] Navigating workers' compensation for solopreneurs and small businesses
[10:10] Steps to acquire workers' compensation insurance

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153. Small Business Strategies to Chart Your Path to Growth
154. PEOs Unwrapped: BTS at People Principles

Use code BOSS50 for 50% off your HR audit with us peopleprinciples.co/hraudit

* Connect with me on LinkedIn https://www.linkedin.com/in/jackiemkoch/
* Find more information on my website peopleprinciples.co

Dive in with Cory Charles as we discuss the art of building, motivating, and maintaining successful teams. As business owners and leaders, the challenge often lies not only in hiring the right individuals but also in inspiring and motivating them consistently.
Cory, a renowned speaker, and trainer, shares invaluable insights on creating a cohesive team culture, understanding individual motivations, and the importance of regular check-ins. The discussion delves into strategies for balancing personal care with professional accountability, and how to engage teams in the mission of the organization.
Through a mix of personal stories and professional experiences, this episode promises to equip you with practical tools and perspectives to energize your leadership approach and cultivate a thriving team environment!
What you'll hear in this episode:
[1:15] Creating a cohesive team culture and motivation strategies
[2:15] Cory's journey into entrepreneurship and sales
[10:40] Incorporating team members into the mission
[14:35] The importance of regular check-ins and mindset shift
[17:50] Balancing friendship and leadership in the workplace
[21:20] Encouraging open communication and feedback
[24:50] The role of compensation in motivation
[26:25] Understanding and supporting your team's personal missions
[27:05] The four pillars of effective leadership
[32:55] Building authentic relationships
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156. Master These Three Pillars for a Strong People Foundation
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167. Should You Be Friends with Your Employees?
* Connect with Cory on Linkedin: https://www.linkedin.com/in/cory-charles/

* Connect with me on LinkedIn https://www.linkedin.com/in/jackiemkoch/
* Find more information on my website peopleprinciples.co

Tailoring your leadership approach to your team members can transform your team beyond recognition! In this episode, I share the dynamic Skill vs. Will Matrix and how it can be utilized to support your team as they change and your business evolves.
Join me as we uncover the intricacies of understanding the four quadrants of this matrix and how it can revolutionize your leadership style. We'll discuss effective strategies for managing different employee types, recognizing the importance of intrinsic versus extrinsic motivation in driving team performance.
No matter where your team falls on the Skill vs. Will Matrix, this episode equips you with practical insights on leveraging their qualities to lead your team to success. Tune in now to discover how you can become the ultimate leader your team needs!
What you'll hear in this episode:
[0:00] Tailoring your leadership approach to your team members
[2:00] The skill vs. will matrix
[5:15] Understanding the four quadrants of the matrix
[8:55] Strategies for managing different employee types
[14:00] Intrinsic vs. extrinsic motivation
[16:50] Using the matrix to lead your team

Listen to Similar Episodes:
165. Navigating Team Turmoil: Strategies for Effective Conflict Management
160. Strategies for a Positive Workplace with Aisha Marshall
156. Master These Three Pillars for a Strong People Foundation

* Connect with me on LinkedIn https://www.linkedin.com/in/jackiemkoch/
* Find more information on my website peopleprinciples.co

In today's episode, we are studying the invaluable role of strategic advisors for entrepreneurs, with the advice of a seasoned expert, Debra Boggs. Debra's here to help us unlock the power and impact of strategic advisors in business, as she sheds light on the intricate world of board members. Throughout the conversation, we uncover the secrets to structuring meaningful relationships, offering practical insights and strategies garnered from real-world experiences.
You'll discover the benefits of advisory roles and board careers as we explore how they can elevate your entrepreneurial endeavors. Debra shares personal anecdotes and actionable tips for effectively navigating advisory relationships. From finding the right advisors to fostering genuine connections, this episode equips you with the tools and knowledge to harness the full potential of strategic guidance.
Whether you're a seasoned entrepreneur or just starting out, this episode promises to inspire and inform as we uncover the secrets to becoming the world's greatest boss!
What you'll hear in this episode:
[1:10] The journey of an entrepreneur with Debra Boggs
[4:25] The role and impact of strategic advisors in business
[11:35] Exploring the benefits of advisory roles and board careers
[14:50] Practical tips and considerations for navigating relationships.
[23:20] Finding and connecting with the right people.
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How to Select the Best Recruiter to Partner With
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Preparing Your Team for the Future in an AI-Powered World

* Connect with Debra on LinkedIn https://www.linkedin.com/in/debraboggs
* Find more information on Debra's website https://www.dscareermanagement.com

* Visit https://www.thefourtheffect.com to learn more about matching companies and board members

* Connect with me on LinkedIn https://www.linkedin.com/in/jackiemkoch/
* Find more information on my website peopleprinciples.co