Mike Andes (speaker) emphasizes that both employees and business owners are motivated by money. He argues that team members deserve to be paid for their work and that compensation plans should reward harder work with higher pay, aligning incentives for employees and business owners.
Team members show up to your place of business to get a paycheck, and that's not nothing bad against them. They're coming for money. We, as business owners, show up for money. We are ultimately trying to make the business more profit. And ultimately, the team members are absolutely entitled to every single dollar they work for. And their compensation is extremely important. So focusing on a compensation plan that is going to compensate them for their hard work and ideally pay them more, the harder they work, the better.
