Is what you pay employees an expression of generosity?
Ever thought that what you pay your employees reflects your level of generosity? Chris Allen joins us to unpack if that is actually the case. We hash out principles that should and should not influence the way that businesses compensate their employees and we tackle both financial and non-financial compensation. Come along as we explore what it looks like to apply biblical wisdom to the way you pay employees.
Chris is the founder of Always About People. He helps business owners create company culture where people thrive. Our conversation delves into how compensation both reflects and shapes company culture and the best ways to structure compensation and incentivize greater human flourishing.
Conversation highlights:
--What does it mean to love people in the context of employee compensation?
--Providing good work includes paying a fair wage. But how you define fair wages is essential!
--The downsides of “overpaying” an employee.
--Rapidly growing businesses have unique issues around compensating employees who “grow” with the business. How does the business tackle these issues?
--What are the best ways to express generosity to employees or develop a company culture of generosity?
--Vacation time. Beware of using vacation time to address a culture that creates burnout or excessive stress in your employees. “If I’ve created an environment that stresses people out, but then I turn around and say ‘look I’ve given you extra vacation time,’ I might not be prioritizing the right things.”
--Are your business’s leaders aligned around their beliefs (about people) and behaviors (toward people)?
--Expert tips on “How to create dysfunction!”
--Production employees vs. “zero marginal product” employee. Chris argues against the culturally destructive concept of “zero marginal product” workers. Beware the Pygmalion Effect in your company.
--How to take steps towards a model of compensation that leads to the flourishing of employees AND the company.
--De-linking compensation from someone’s inherent value as a human, created in the image of God, by focusing on individuals and their unique expression of humanity and their giftedness.
--Chris’s ties together stress, envy, pride and how they relate to compensation. Great advice for anyone.
Connect with Chris: https://www.linkedin.com/in/chrisallen3/
Check out Always About People: AlwaysAboutPeople.com
Connect with Aaron: https://www.linkedin.com/in/aaron-groen/