18 - Aligning Compensation Strategy with Company Profit
Lucky 13 - All Things People AND Profit
Release Date: 04/15/2024
29 - The Secret Sauce to Accountability and Collaboration in Problem-Solving
Lucky 13 - All Things People AND Profit
In this episode of the "Lucky 13 Podcast," hosts Mike Lantz and Josh Hauser delve into problem-solving within organizations using the IDS (Identify, Discuss, Solve) methodology. They emphasize the need to address recurring issues, foster accountability, and ensure effective communication among team members. Key takeaways include the importance of taking immediate action, defining clear outcomes, managing short-term and long-term issues, and the critical role of leadership in guiding discussions. The hosts provide practical advice on identifying and prioritizing issues that impact people,...
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28 - Secrets to Balancing Work and Family as a Business Owner
Lucky 13 - All Things People AND Profit
In this episode of Lucky 13, Mike and Josh explore the complexities of balancing business ownership with family life. They share personal anecdotes, including reflections on Indiana University football, to illustrate broader themes of success, accountability, and shared values. The discussion emphasizes the importance of work-life integration, regular date nights with spouses, and fostering strong family connections. They highlight the significance of communication and cultural fit in both business and family settings. Ultimately, the episode underscores the value of prioritizing family and...
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27 - Why Every Leader Needs a Clarity Break: Insights for Better Decision-Making
Lucky 13 - All Things People AND Profit
In this episode of the Lucky 13 Podcast, hosts Mike and Josh delve into the concept of "clarity breaks," emphasizing the importance of setting aside intentional time for self-reflection and evaluation of personal and business goals. They provide practical advice on structuring these breaks, focusing on key questions to assess priorities, decision-making processes, and team dynamics. The episode underscores the value of clarity breaks in fostering personal growth and effective leadership. Introduction to IU Sports (00:00:08) Mike shares his long-standing support for Indiana University sports,...
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26 - The Best Strategies for Creating Memorable Business Events
Lucky 13 - All Things People AND Profit
In this episode of the Lucky 13 podcast, hosts Mike Lantz and Josh Hauser, along with guest Jeff Ehlinger, discuss the significance of events in business. Jeff, an expert in event management, shares insights from his background in sports, emphasizing the importance of creating tailored experiences for clients and employees. The speakers highlight how events foster connections, enhance workplace culture, and drive business success. They also address the need to measure event impact and justify investments to skeptical business leaders. Welcome and Halloween Candy Discussion (00:00:07)...
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25 - The Ripple Effect: How One Person's Legacy Can Change Lives
Lucky 13 - All Things People AND Profit
In this episode, Mike and Josh explore the theme of impact, focusing on the legacy of Jim Morris, a prominent Indiana figure who recently passed away. They discuss Morris's significant contributions to the city and how his actions created lasting ripple effects. The conversation emphasizes the importance of small actions, personal purpose, and mentorship in making a positive impact. Mike and Josh encourage listeners to reflect on their own influence and offer practical advice on how to start making a difference in everyday interactions, highlighting that it's never too late to align one's...
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24 - Build an Effective Leadership Pipeline: The Best Strategies to Develop Your Future Leaders
Lucky 13 - All Things People AND Profit
In this episode of the Lucky 13 Podcast, hosts Mike Lantz and Josh Hauser explore leadership development and the importance of creating a leadership pipeline within organizations. They discuss the various levels of leadership, referencing the book "Leadership Pipeline," and emphasize the skills and time management needed for effective leadership. Josh shares his pride in his son's promotion in the Air Force, using it as a backdrop to highlight personal growth and responsibility. The episode also covers the significance of intentional time management and the value of having career path...
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23 - Navigating Leadership Challenges: Aligning Employees with Core Values and Predicting Growth
Lucky 13 - All Things People AND Profit
In this episode of the Lucky 13 podcast, hosts Mike and Josh explore leadership, organizational culture, and aligning employees with core values. They share personal stories to illustrate their points. The discussion addresses the challenges of managing employees who no longer fit the company's culture, emphasizing the need for swift action. They also delve into essential leadership abilities like simplifying processes, effective delegation, and accurate forecasting. The episode underscores the importance of maintaining a healthy organizational environment through accountability and structured...
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22 - Hiring for Growth: Building a Team That Can Keep Up with Your Ambitions
Lucky 13 - All Things People AND Profit
In this episode of the "Lucky 13 Podcast," hosts Mike and Josh discuss the challenges of hiring for rapidly growing companies. Key points include the need for clarity in defining roles and responsibilities, the significance of strategic planning, and the value of seeking advice from experienced individuals. They also highlight the importance of networking and mentorship in building a capable team. The episode provides valuable insights for leaders navigating the complexities of organizational growth. Podcast Introduction (00:00:08) Mike and Josh introduce the episode and acknowledge their...
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21 - Unleash the Power of Clarity: Transformative Business Leadership
Lucky 13 - All Things People AND Profit
In this episode, Mike and Josh explore the crucial role of clarity in effective business leadership. They discuss the distinction between leadership and management, the value of providing clear direction, and the empowerment of employees through delegation. The hosts share personal stories, including reflections on societal trends like remote work, and emphasize the need for decisions that serve the company's best interests. They introduce the concept of "clarity breaks," dedicated times for leaders to step back and reflect for better decision-making. The episode highlights the importance of...
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20 - Elevating Strategic Collaboration: The Impact of Quarterly Leadership Meetings
Lucky 13 - All Things People AND Profit
In this episode of the Lucky 13 podcast, Mike and Josh explore the significance of quarterly leadership gatherings. They delve into how these events contribute to building stronger and more successful teams, reflecting the core theme of People AND Profits. They discuss the carefully curated agenda, including participatory exercises like the "high low buffalo" and mindset check-ins, designed to foster collaboration and knowledge-sharing. Mike and Josh underscore the critical role of meticulous planning and accountability in ensuring that these gatherings serve as catalysts for...
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.