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Episode 018: Building Your Acquisitions Team Series - Step 3 - Designing a Compensation Plan That Attracts Top Talent
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How do you build an acquisitions team that drives massive growth? In this episode, Tiffany High shares the strategies you need to recruit, onboard, and train a high-performing team. From designing an effective compensation plan to avoiding common hiring mistakes, Tiffany explains how a structured approach can lead to sustained business growth. Learn the importance of base salary, commission, and benefits in motivating your team to achieve long-term success.
You’ll learn how to:
- Avoid commission-only hires
- Design a compensation plan that works
- Align incentives with company goals
- Attract high-performing talent
- Implement structured onboarding for success
What You’ll Learn in This Episode:
- (00:57) Tiffany recaps the last episode and previews today's compensation focus.
- (02:10) Why commission-only hires often fail and the risks involved.
- (03:45) Transitioning to a base salary plus commission model.
- (04:30) The importance of offering benefits to attract top talent.
- (05:42) How career stability and growth impact high performers.
- (06:20) Key components of a performance-driven compensation plan.
- (07:10) The role of PTO and health insurance in employee retention.
- (08:01) Tiffany’s action plan: stop relying on commission-only hires and design a compensation plan.
- (08:23) Preview of the next episode: setting up structured onboarding processes.
Who This Episode is For:
- Real estate investors looking to scale their business.
- Business owners aiming to build a high-performing acquisitions team.
- Team leaders focused on improving hiring, onboarding, and compensation strategies.
- Those seeking valuable insights on structuring effective compensation plans for growth.
Why You Should Listen:
Tiffany provides proven strategies for creating a motivated and efficient acquisitions team. This episode is packed with practical advice to help you avoid common mistakes and attract top talent.
Follow Tiffany and Josh here:
- Tiffany Instagram: @tiffanyhighfficial
- Josh Instagram: @joshhighofficial
- Website: https://resultsdrivenrei.com/home/
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