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115: From The Office's Writing Room to Entrepreneurship with Kevin Monaghan
Manage episode 414163361 series 2899728
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"We think that we are providing benefits to somebody and incentives. Actually, we're creating little fires and warring factions." - Kevin D. Monaghan
Most organizations incentivize key employees with creative pay & perks like equity splits. Better pay + better benefits = obviously happy employees who stick around, work hard, & grow the company.
t's easy and great math, except for the fact that it doesn't work. As Kevin can speak to personally, equity splits often produce arguments, jealousy, and resentment. Key employees are left at risk.
It's a tough pill he was forced to swallow, sleeping on the floor of a 9'x9' apartment, rebuilding his life after losing everything to a work "family" who promised him the moon & then burned him badly.
So, what's the alternative to splitting equity & keeping good people? Kevin knows now, & he's on a mission to tell the world.
Check out IntuitiveCompensation.com for more info & download his FREE book at BucketsBook.com.
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