18 - Aligning Compensation Strategy with Company Profit
Lucky 13 - All Things People AND Profit
Release Date: 04/15/2024
42 - From Expenses to Assets: Rethinking Your Approach to Workforce Investment
Lucky 13 - All Things People AND Profit
In this episode, hosts Mike Lantz and Josh Hauser broadcast from their new studio at Launch Fishers, sharing personal stories before diving into the importance of leadership teams in business. They explain how a strong leadership team can significantly boost a company’s valuation, especially when preparing for sale. The hosts introduce the first steps of a seven-step talent planning process: aligning future organizational charts with company vision and identifying pivotal roles. Emphasizing people as strategic investments, they encourage business owners to proactively develop talent and...
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41 - From Football Fields to Business Deals: The Power of Mental Resilience
Lucky 13 - All Things People AND Profit
In this episode of the Lucky 13 podcast, hosts Mike Lantz and Josh Hauser discuss IU football before welcoming guest Ben Carnes, a former football coach, mental trainer, and entrepreneur. Ben shares practical mental training techniques, such as the "focus cycle" and "four boxes" framework, to help entrepreneurs manage overwhelm, build confidence, and confront challenges. The conversation highlights the importance of honest self-assessment, combating negative self-talk, and celebrating progress. Listeners are encouraged to apply these mental strategies in both sports and business to...
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40 - Elevate Your Game: The Power of Mental Training for Athletes and Business Leaders
Lucky 13 - All Things People AND Profit
In this episode of the Lucky 13 Podcast, hosts Mike Lantz and Josh Hauser talk with guest Ben Carnes about the vital role of mental training in sports and business. Ben shares his journey from coaching football players to helping entrepreneurs, introducing practical tools like the "focus cycle" for managing stress and improving performance. The discussion covers breathing techniques, positive affirmations, and focus management, emphasizing resilience and the universal value of mental skills. Listeners are encouraged to apply these strategies to overcome setbacks and achieve success in any...
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39 - Profit First: How Data Can Drive Accountability and Financial Success
Lucky 13 - All Things People AND Profit
In this episode of the Lucky 13 Podcast, hosts Mike Lantz and Josh Hauser discuss the vital role of data in business success. They share personal stories, including family updates and an upcoming wedding, to highlight the importance of relationships. The conversation centers on how accurate data enables better control, profit management, and employee accountability. They emphasize adopting a “profit first” mindset and using key metrics to drive decisions. The episode concludes by stressing that while profit is essential, balancing it with care for people is crucial for sustainable growth....
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38 - Are You Struggling to Balance Work, Sleep, and Personal Life?
Lucky 13 - All Things People AND Profit
In this episode of the Lucky 13 podcast, Mike Lantz and Josh Hauser discuss the importance of intentional time management and work-life balance. They reflect on a recent Pacers vs. Knicks game before introducing the "eight by eight by eight" framework for dividing time between work, sleep, and personal life. Sharing personal stories and practical tips, they encourage listeners to audit their schedules, prioritize commitments, and use tools to track time. Emphasizing flexibility and purpose, they inspire the audience to make conscious choices that align with their values and lead to a more...
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37 - The Best Strategies for Achieving Work-Life Harmony This Summer
Lucky 13 - All Things People AND Profit
In this episode of the Lucky 13 podcast, hosts Mike Lantz and Josh Hauser share personal stories about family milestones, summer travel, and the challenges entrepreneurs face during seasonal transitions. They discuss the importance of intentional planning, maintaining discipline, and achieving balance through the "eight by eight by eight" rule—dedicating equal time to work, sleep, and personal well-being. Emphasizing relationships, self-care, and purposeful living, Mike and Josh offer practical advice for navigating busy summer months while staying focused on both business and personal...
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36 - The Hidden Costs of Disengagement: Why Your Workforce is Leaving
Lucky 13 - All Things People AND Profit
In this episode of the Lucky 13 podcast, hosts Mike Lantz and Josh Hauser explore the latest trends in employee engagement, referencing Gallup’s Q12 survey and recent research on workplace culture. They discuss the decline in engagement, the impact of mid-level management, and why employees leave—highlighting issues like poor leadership, lack of meaningful work, and toxic culture. The hosts emphasize the importance of trust, recognition, flexibility, and value alignment, offering practical insights for leaders seeking to improve retention and create a more positive, engaged workplace....
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35 - The Hidden Costs of Disengagement: Why Your Bottom Line Depends on Employee Engagement
Lucky 13 - All Things People AND Profit
In this episode of the "Lucky 13" podcast, Josh Hauser and Mike Lantz discuss the critical issue of declining employee engagement in the U.S., referencing a recent Gallup report. They explore the Gallup Q12 survey, which measures engagement through 12 questions, and emphasize the pivotal role of middle management in fostering a positive work environment. Key strategies for enhancing engagement include empowering managers, integrating engagement into daily operations, aligning efforts with organizational goals, providing development opportunities, and fostering a culture of recognition....
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34 - The Cost of Disengagement: How It's Draining Your Business Resources
Lucky 13 - All Things People AND Profit
In this episode of the Lucky 13 podcast, co-hosts Josh Hauser and Mike Lantz discuss the critical topic of employee engagement, drawing insights from Gallup's 2024 engagement report. They highlight the alarming decline in global and U.S. engagement scores and the significant financial impact of disengagement on productivity and turnover costs. The conversation emphasizes the importance of a robust company culture and effective management practices in retaining engaged employees. They also introduce Gallup's Q12 questions, designed to measure employee engagement, and stress the need for...
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33 - Saying "No" is Not a Four-Letter Word!
Lucky 13 - All Things People AND Profit
In this episode of the Lucky 13 podcast, hosts Mike Lantz and Josh Hauser discuss the importance of setting boundaries and the power of saying "no" in both personal and professional contexts. They explore how societal pressures often lead to overcommitment and burnout. The hosts share practical strategies for effectively communicating "no," such as using "I" statements and practicing empathy. They emphasize the significance of knowing one's priorities and practicing self-care to avoid capacity issues. Through personal anecdotes, they highlight the benefits of prioritizing one's well-being and...
info_outlineIn the "Lucky 13" podcast, Josh Hauser and Mike Lantz humorously tackle the trials of large family management and the orchestration of a Disney trip with kids. They pivot to dissect employee compensation and performance reviews, offering dual perspectives. They underscore the necessity for a compensation strategy that aligns with company profits and the benefits of a total compensation model that includes non-monetary perks. The episode is a blend of light-hearted family anecdotes and serious business discussions on rewarding performance and competing for talent as a small business.
he speaker's trip to Disney with a large group (00:01:01) Discussion on the logistics and challenges of taking a large group to Disney, including managing travel and group dynamics.
The challenges of managing a large family trip (00:01:56) The complexities of organizing and managing a family trip, including the logistics of travel and the dynamics of a large group.
The complexities of employee compensation and performance reviews (00:05:38) Insights into the challenges of aligning employee performance evaluations with compensation, and the impact of market trends on pay increases.
The perspective of the business owner on compensation (00:09:01) Insights into how business owners should approach compensation, including aligning compensation with business strategy and profitability.
The perspective of the employee on compensation (00:09:30) Discussion on how employees can position themselves for a substantial pay increase, focusing on value creation and impact on the organization.
Total compensation model and individual preferences (00:17:43) Exploration of the total compensation model and the importance of aligning compensation with individual preferences and values.
The importance of proper compensation allocation (00:18:18) Discussion on the importance of allocating compensation for various purposes such as savings, 401k, health wellness, and insurance policies.
Total compensation statement (00:19:06) The value of total compensation beyond pay, including time off, mission trips, and 401k contributions, and how employees often overlook these costs.
Comparing total compensation (00:19:31) The significance of comparing total compensation packages when considering job offers from different companies.
Approaching pay increase as an employee (00:20:10) Advice on approaching a request for a pay increase by presenting solutions and demonstrating added value to the company.
Showcasing value for compensation (00:21:22) Strategies for demonstrating value to justify compensation, including leveraging sales performance and proving worth over time.
Translating value into bottom line performance (00:22:08) The importance of employees understanding that their value must translate into bottom line performance for the company.
Developing compensation philosophy (00:22:47) Advice for business owners to research market compensation, develop a compensation philosophy, and align employee expectations with bottom line performance.