Remuneration Models - Which Pay Structures Are Right For Small Business (& What To Avoid)

Big Dreams Great Teams® with Paula Maidens

Player FM - Internet Radio Done Right

اضافه شده در three سال پیش

محتوای ارائه شده توسط Paula Maidens. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Paula Maidens یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

<div class="span index">1</div> <span><a class="" data-remote="true" data-type="html" href="/series/threshold-1347809">Threshold</a></span>

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Threshold

لغو اشتراک

۷ روز پیش۷d ago

لغو اشتراک

ماهیانه

Threshold is a Peabody Award-winning documentary podcast about our place in the natural world. Each season, we take listeners on a journey into the heart of a complex environmental story, asking how we got here and where we might be headed. In our latest season, Hark, we hand the mic over to our planet-mates and investigate what it means to truly listen to nonhuman voices—and the cost if we don't. With mounting social and ecological crises, what happens when we tune into the life all around us? Threshold is nonprofit, listener-supported, and independently produced.

حدود یک سال پیش 30:30

MP3•خانه قسمت

In this episode of The Big Dreams Great Teams Podcast, we're diving into one of the most crucial aspects of building a strong and loyal team—rewarding employees. As your small business grows, choosing the right remuneration model can be a game-changer for attracting and retaining top talent. From salary-based pay to commission structures and staff incentive schemes, we’ll cover the simplest and most effective ways to reward your team and keep them motivated.

Join me, Paula Maidens, as I walk you through the most common pay models that small businesses like yours are using today—including salary-based pay, hourly wages, commission-based structures, and performance bonuses. I’ll also touch on more advanced incentive-based remuneration models and when they might make sense for your business. Tune in for real-world examples from both Australian and global companies, and learn how these models can help you create a high-performing team without complicating your payroll.

Whether you're hiring your first employee or scaling your team, this episode is packed with practical insights to help you choose the right approach for rewarding your staff effectively!

In This Episode, You’ll Learn:

The key differences between salary-based, commission-based, and performance-based pay models.
Real-world examples of businesses using these pay structures to grow their teams.
Why staff incentive schemes are more than just a perk—they're essential for employee motivation and retention.
Simple tips for implementing a pay model that suits your business needs and budget.
How to avoid common pitfalls when choosing a remuneration model for your small business.

Takeaways: Rewarding your employees is more than just paying a salary—it's about creating a staff incentive schemes that drives performance and builds a loyal, motivated team. Listen to this episode to discover the best ways to implement pay models that work for your small business, without overcomplicating the process!

Chapters

00:00 Understanding Pay Structures in Business

03:06 Exploring Salary-Based Remuneration

06:07 Hourly Wage Model Explained

08:51 Commission-Based Pay: Incentivizing Sales

12:05 Performance-Based Bonuses: Rewarding Achievements

17:47 Incentive-Based Remuneration: Flexibility in Rewards

22:53 Complex Models: Profit Sharing and Equity

30:09 Choosing the Right Pay Structure

Explore working with Paula:

Book a Dream Team Discovery Call

Connect with Paula:

Website: https://paulamaidens.com/

Instagram: https://www.instagram.com/paulamaidensconsulting/

Facebook: https://www.facebook.com/paulamaidensbuildingawesometeams

169 قسمت

#MBA #Entrepreneur #Business #Paula Maidens #Leadership #Business Coach #Small Business #Hiring A Players #Coaching #Leading Teams #Podcasting Education #Self-Improvement #Employee #Team

Remuneration Models - Which Pay Structures Are Right For Small Business (& What To Avoid)

Big Dreams Great Teams® with Paula Maidens

published حدود یک سال پیش

اشتراک گذاری

MP3•خانه قسمت

Whether you're hiring your first employee or scaling your team, this episode is packed with practical insights to help you choose the right approach for rewarding your staff effectively!

In This Episode, You’ll Learn:

The key differences between salary-based, commission-based, and performance-based pay models.
Real-world examples of businesses using these pay structures to grow their teams.
Why staff incentive schemes are more than just a perk—they're essential for employee motivation and retention.
Simple tips for implementing a pay model that suits your business needs and budget.
How to avoid common pitfalls when choosing a remuneration model for your small business.

Chapters

00:00 Understanding Pay Structures in Business

03:06 Exploring Salary-Based Remuneration

06:07 Hourly Wage Model Explained

08:51 Commission-Based Pay: Incentivizing Sales

12:05 Performance-Based Bonuses: Rewarding Achievements

17:47 Incentive-Based Remuneration: Flexibility in Rewards

22:53 Complex Models: Profit Sharing and Equity

30:09 Choosing the Right Pay Structure

Explore working with Paula:

Book a Dream Team Discovery Call

Connect with Paula:

Website: https://paulamaidens.com/

Instagram: https://www.instagram.com/paulamaidensconsulting/

Facebook: https://www.facebook.com/paulamaidensbuildingawesometeams

169 قسمت

#MBA #Entrepreneur #Business #Paula Maidens #Leadership #Business Coach #Small Business #Hiring A Players #Coaching #Leading Teams #Podcasting Education #Self-Improvement #Employee #Team

همه قسمت ها

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۲ روز پیش32:33

32:33

In this essential episode of Big Dreams Great Teams, I’m interviewing Lisa Turner, founder of Accounted For You, a specialised Zero-only bookkeeping practice helping female-led businesses understand their numbers with clarity and confidence. With 20 years of experience in finance and accounting and 8 years running her own business, Lisa is passionate about making numbers feel simple. In this super practical and easy to digest episode, Lisa reveals why many business owners feel overwhelmed by their finances and how this leads to avoidance behaviours that can seriously impact your growth potential. She shares practical tips for moving from financial anxiety to confident decision-making, particularly when growing your team. What You'll Learn: Why understanding your numbers is critical before making hiring decisions The common financial mistakes that may be sabotaging your business growth How to determine if you're financially ready to hire your next team member Practical systems to manage cashflow and prevent tax-time surprises Essential financial reports every business owner should regularly review The crucial difference between revenue, profit, and cashflow Why the "bank balance method" of decision-making is a dangerous trap Resources Mentioned: Lisa's upcoming Learning Hub - covering financial basics for business owners Profit First methodology - a framework for managing business finances Connect with Lisa Turner: Website: accountedforyou.com.au Instagram: @accountedforyou Lisa’s Podcast - Your BookKeeping Matters https://accountedforyou.com.au/your-bookkeeping-matters-podcast/ Podcast: "Your Bookkeeping Matters" Freebie: Xero Money Saver Guide Connect with Paula Maidens: Website: paulamaidens.com Instagram: @paulamaidensconsulting Facebook: Paula Maidens - Building Awesome Teams LinkedIn: Paula Maidens Book a Dream Team Discovery Call…

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16 روز پیش30:30

30:30

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30 روز پیش21:19

21:19

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۶ weeks پیش25:54

25:54

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۸ weeks پیش16:03

16:03

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10 weeks پیش22:22

22:22

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11:15

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22:01

We're pulling back the curtain on what 2024 really looked like - beyond the glossy social media highlights and into the reality of running a business! In this special end-of-year episode, I'm sharing MY full picture of running a successful business - from the moments that had me pouring a glass of bubbly to the days that had me questioning everything. Because real business growth isn't just about the victories we post online - it's about how we handle the difficult days, what we learn from our mistakes, and how we keep showing up even when things don't go to plan. Join me for an honest conversation about the wins, the challenges, and those messy middle moments that actually shape us as business owners and leaders. In This Episode You'll Learn: The unexpected benefits of stepping out of your comfort zone in business Real strategies for building genuine business relationships that last How to turn business challenges into opportunities for growth The truth about balancing professional success with personal wellbeing Game-changing approaches to leadership and team development Why creating margin in your business is crucial for long-term success Timestamps: [00:00] Why sharing the real story matters - not just the highlight reel [02:15] The journey back to meaningful in-person connections [09:45] When business plans meet reality: VIP days and unexpected pivots [16:30] Getting real about revenue dips and relationship challenges [22:15] Why time and financial buffers aren't just nice-to-haves [28:45] Exciting sneak peek: What's brewing for 2025 [32:30] Holiday reflections and invitation to connect Our favourite quote: "True success isn't just about the numbers - it's about building a life and business that can flex when life throws its inevitable surprises at us." Resources Mentioned: HBDI Accreditation: The game-changing tool reshaping how we understand teams - Check out Episode 158 to learn more about HBDI. Angela Henderson's Conference: Where business strategy meets personal growth - Check out Angela Henderson on socials here Our YouTube Experiment: Join us as we play with new ways to connect Holiday Update: We're taking a full three-week break to reset and recharge. The podcast returns in January 2025 with fresh perspectives on building exceptional teams, elevating your leadership, and creating sustainable success. Until then, there's a treasure trove of episodes waiting for you in our back catalog! Connect with Paula: Website: https://paulamaidens.com/ Instagram: https://www.instagram.com/paulamaidensconsulting/ Facebook: https://www.facebook.com/paulamaidensbuildingawesometeams LinkedIn: https://www.linkedin.com/in/paulamaidens/ Want to make sure you hear about the new in-person events for 2025? Email us at hello@paulamaidens.com and we’ll make sure you are the first to hear about it! Curious about working with Paula in 2025? Book a FREE call to discuss what's right for you >> Book a Dream Team Discovery Call Tags: #BusinessReality #LeadershipJourney #TeamBuilding #Entrepren…

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33:50

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20 weeks پیش21:37

21:37

Have you ever wondered why some tasks energise you while others leave you drained? Or why certain people’s problem-solving approaches make perfect sense to you, while others leave you feeling baffled? In this episode of The Big Dreams Great Teams Podcast, Paula Maidens explores the fascinating world of thinking preferences and how understanding them can transform your leadership style and team dynamics. Paula shares her journey with the Herrmann Brain Dominance Instrument (HBDI), a powerful tool that has redefined the way she leads, collaborates, and even connects in her personal life. Drawing on real-world examples from her business journey, Paula explains how the four quadrants of thinking—analytical, practical, relational, and creative—shape how we approach problems, make decisions, and communicate. Whether you're the quick-to-act practical thinker or the big-picture creative dreamer, this episode will help you uncover your brain’s natural preferences and understand how they influence your leadership and team interactions. Paula also shares how stress impacts our default thinking patterns and offers practical insights on harnessing the strengths of your team’s diverse thinking styles to achieve big dreams together. Tune in to discover how aligning your leadership style with your natural thinking preferences can unlock higher performance, joy and satisfaction for you and your team. HIGHLIGHTS The four thinking modes and what they mean for your leadership. How to identify your natural problem-solving style and recognise blind spots. Tips to harness the strengths of different thinking styles within your team. Hit play now and start uncovering the secrets to becoming a self-aware, effective leader! Don’t forget to subscribe, leave a review, and share this episode with someone who would find it valuable! CHAPTERS [00:01] Introduction to thinking preferences and how they affect leadership [02:22] A personal story: Navigating conflict through different thinking styles [06:41] Revisiting the HBDI tool: What it reveals about brain preferences [08:59] How stress shifts our default thinking patterns [11:13] Overview of the four thinking quadrants: Analytical, Practical, Relational, Creative [15:34] Practical applications of thinking preferences in business and leadership [20:56] Key takeaway: Leveraging thinking differences for team success RESOURCES & Next Steps: Want to discover your thinking style? Connect with Paula for an HBDI assessment and debrief at https://paulamaidens.com/ Grab a time straight in Paula’s diary by Booking a Dream Team Discovery Call CONNECT with Paula: Website: https://paulamaidens.com/ Instagram: https://www.instagram.com/paulamaidensconsulting/ Facebook: https://www.facebook.com/paulamaidensbuildingawesometeams LinkedIn: https://www.linkedin.com/in/paulamaidens/…

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21 weeks پیش32:47

32:47

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13:05

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23 weeks پیش35:25

35:25

In this episode of The Big Dreams Great Teams Podcast, Paula sits down with Dr. Jodi Richardson, a leading expert on anxiety and mental health, to dive deep into the complexities of anxiety, stress management, and burnout. Dr. Jodi shares her personal journey and professional insights, offering practical tools and strategies for managing anxiety in both personal and professional contexts. You'll gain a clear understanding of the difference between normal and problematic anxiety, and learn effective techniques to manage in-the-moment anxiety and reduce overall stress. They also discuss how to recognize the signs of burnout and the critical connection between anxiety and burnout. If you're a business owner or manager, Dr. Jodi provides valuable advice on supporting team members struggling with anxiety. You'll learn how to approach mental health conversations in the workplace, recognize the signs of burnout in yourself and others, and provide meaningful support for a more resilient team. Highlights: Understanding the difference between normal vs. problematic anxiety Practical strategies for managing anxiety and reducing stress in the moment Why avoidance and anxiety are often linked Addressing mental health in the workplace and supporting team members with anxiety Key signs you're nearing burnout and how to manage it before it impacts your mental health Chapters 00:00 Introduction to Anxiety and Burnout 02:48 Understanding Anxiety: Definitions and Symptoms 06:11 Normal vs. Problematic Anxiety 09:05 Practical Strategies for Managing Anxiety 12:04 Supporting Others with Anxiety in the Workplace 18:52 The Connection Between Anxiety and Burnout 30:00 The Importance of Connection for Mental Health Connect with Dr Jodi Richardson: Website: https://drjodirichardson.com/ Books:https://drjodirichardson.com/shop/ Hello Anxiety Podcast https://podfollow.com/1585382774 Enquiries:hello@drjodirichardson.com.au Instagram: https://www.instagram.com/drjodirichardson/ Facebook: https://www.facebook.com/DrJodiRichardson/ LinkedIn:https://www.linkedin.com/in/dr-jodi-richardson-15589240/ Connect with Paula: Website: https://paulamaidens.com/ Instagram: https://www.instagram.com/paulamaidensconsulting/ Facebook: https://www.facebook.com/paulamaidensbuildingawesometeams…

1
Q4 Retention Activities To Power Up Your Team for 2025 23:53

24 weeks پیش23:53

23:53

In this episode of The Big Dreams Great Teams Podcast, Paula dives deep into the strategic activities you can prioritise in Q4 to wrap up 2024 on a high note and set your business and team up for success in 2025. From celebrating wins and reflecting on lessons learned to checking in on your team's well-being, this episode is packed with actionable insights for small business owners. Paula shares practical tips for incorporating team feedback, recognition, and incentives into your year-end planning. Plus, she explores how these activities will minimise your potential staff turnover, by boosting your team morale and create a proactive, high-performing team who are excited for the year ahead. Don't skip this episode! Highlights Strategic activities to prioritise in Q4 to set your business and team up for success in 2025 Why it’s critical to recognise your team's hard work and how learning and reflection activities will boost your culture and proactivity in 2025 Whether end-of-year Team Member check-ins are necessary (or if they can be rolled to the new year). Simple ways to incorporate incentives into End Of Year celebrations like Christmas parties in an online or in person way Which of these to choose or skip if you are feeling BUSY (or maybe just super tired!) as you run to the finish line of 2024 Chapters 00:00 Introduction to Year-End Strategies 04:22 Capacity Planning and Resource Allocation 08:09 The Importance of Performance Reviews 10:58 Goal Setting for the New Year 12:46 Team Reflection and Celebrating Wins 15:33 Feedback and Team Check-Ins 19:18 Recognition, Incentives, and Rewards 23:31 Strategic Planning for 2025 LINKS: Check out & Book a 90 Minute Strategic Clarity Session with Paula >> Here Not sure what you need? Book a FREE call to discuss what's right for you >> Book a Dream Team Discovery Call CONNECT with Paula on Socials: Website: https://paulamaidens.com/ Instagram: https://www.instagram.com/paulamaidensconsulting/ Facebook: https://www.facebook.com/paulamaidensbuildingawesometeams…

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Creating a 'Bad Day' Business Model Through Automation - with Peta Serras 34:00

25 weeks پیش34:00

34:00

In this episode of The Big Dreams Great Teams Podcast, we dive into the strategies that can help small business owners turn challenging days into opportunities for growth and innovation and ultimately make business more profitable and sustainable. Paula is joined by special guest Peta Serras, founder of Professional Babe, who shares her extensive entrepreneurial journey and insights into profitability, email marketing, and business automation. We discuss the importance of setting up businesses for sustainability, particularly through effective onboarding processes and the use of email marketing as a powerful tool for engagement and sales. Peta shares her 'bad day business model' concept to build a resilient and profitable business and we explore the role of AI in streamlining business operations, team management and business strategies. Dive in to hear the transformative power of business automation and how this can help you to keep your team costs low and lean. What You’ll Learn: Effective Email Marketing: Discover how to leverage email marketing to communicate with your team and clients during tough times, ensuring clarity and collaboration. Smart Business Automation: Learn how implementing business automation tools can streamline your operations, allowing you to focus on strategic growth rather than daily chaos. Team Management Techniques: Practical team management techniques to foster a supportive environment. Building a Resilient Business Model: Understand how to create a 'bad day' business model that prepares you for unexpected challenges and maintains your momentum. Chapters 00:00 Introduction to Peta Serres and Her Journey 03:02 The Importance of Profitability and Streamlining 05:52 Email Marketing: A Game Changer for Businesses 08:55 Onboarding and Customer Experience Automation 11:55 Building a Bad Day Business Model 14:51 The Role of AI in Business Efficiency 18:01 Identifying Opportunities for Automation 21:02 Behind the Scenes: Peta's Team and Operations 23:52 Key Takeaways and Final Advice CONNECT with Peta: Website — https://www.professionalbabe.com/ Instagram — https://www.instagram.com/professionalbabe/ Give Good Email — https://www.professionalbabe.com/give-good-email/ CONNECT with Paula: Website: https://paulamaidens.com/ Instagram: https://www.instagram.com/paulamaidensconsulting/ Facebook: https://www.facebook.com/paulamaidensbuildingawesometeams Explore working with Paula Book a Dream Team Discovery Call…

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