198 - How to Use a Salary Cap to Control Your Labor Costs

Want to optimize your labor costs effectively? Check out this episode where Khalil & Martin discuss the benefits of using a salary cap to drive profitability and sustainable growth. Don't miss out!

Time Stamps

  • 00:18 - Episode Intro

  • 02:36 - Understanding the Salary Cap Concept

  • 04:01 - Implementing the Salary Cap in Business Planning

  • 06:05 - Strategies for Efficient Hiring and Growth

  • 10:24 - Exploring Pay for Performance and Other Models

  • 11:36 - Episode Outro

Quotable Moments from the Show

  • "Employees are your ticket to freedom. If you don't have employees, you're always gonna be working a job. But they also can be the most frustrating thing you do. So hiring well is a skill. It's not something you can do with a hundred percent certainty, but you can certainly improve the odds." - Martin Holland

  • "If you wanna scale your business, perhaps you need to bring more people in. And you know that you need to do that, but you can't do that until you're paying for it first. Your profitability has to go up." - Martin Holland

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199 - The Power of a Strong Company Story

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197 - Construction Hiring 101: The Keys to Finding & Keeping Local Talent with Matt DiBara