What Should Businesses Do as Labor Prices Increase #2018

<p><span style="font-weight: 400;">In episode #2018, Neil and Eric talk about what businesses should do as labor prices increase. While it’s vitally important that workers be paid what they're worth, some of the current trends in salaries are decidedly counterintuitive. Tune in to hear about some of the outrageous starting salaries in tech and marketing right now, and how you should be approaching this trend.</span></p> <p><strong>TIME-STAMPED SHOW NOTES:</strong></p> <ul> <li><strong>[00:20]</strong> <span style= "font-weight: 400;">Today’s topic: What Should Businesses Do as Labor Prices Increase.</span></li> <li><strong>[00:32]</strong> <span style="font-weight: 400;">How Neil would approach the spike in labor costs in certain sectors.</span></li> <li><strong>[00:58]</strong> <span style="font-weight: 400;">Some of the implications of overpaying for talent and what to do instead.</span></li> <li><strong>[02:41]</strong> <span style="font-weight: 400;">How to institute a signing bonus to compensate for a salary bump.</span></li> <li><strong>[03:31]</strong> <span style="font-weight: 400;">Why you should be patient and detach yourself from what other companies are doing.</span></li> <li><strong>[04:09]</strong> <span style="font-weight: 400;">That’s it for today!</span></li> <li><strong>[04:14]</strong> <span style="font-weight: 400;">Go to</span> <a href="https://marketingschool.io/live"><span style= "font-weight: 400;">https://marketingschool.io/live</span></a> <span style="font-weight: 400;">to learn more!</span></li> </ul> <p> </p> <p><strong>Links Mentioned in Today’s Episode:</strong></p> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Chris Voss Teaches the Art of Negotiation:</span> <a href= "https://www.masterclass.com/classes/chris-voss-teaches-the-art-of-negotiation"> <span style= "font-weight: 400;">https://www.masterclass.com/classes/chris-voss-teaches-the-art-of-negotiation</span></a></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-we