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.

TIME-STAMPED SHOW NOTES:
[00:20] Today’s topic: What Should Businesses Do as Labor Prices Increase.
[00:32] How Neil would approach the spike in labor costs in certain sectors.
[00:58] Some of the implications of overpaying for talent and what to do instead.
[02:41] How to institute a signing bonus to compensate for a salary bump.
[03:31] Why you should be patient and detach yourself from what other companies are doing.
[04:09] That’s it for today!
[04:14] Go to https://marketingschool.io/live to learn more!



Links Mentioned in Today’s Episode:


Chris Voss Teaches the Art of Negotiation:  https://www.masterclass.com/classes/chris-voss-teaches-the-art-of-negotiation
Subscribe to our premium podcast (with tons of goodies!): https://www.marketingschool.io/pro



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Did you enjoy this episode? If so, please leave a short review.





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Neilpatel.com
Quick Sprout
Growth Everywhere
Single Grain
Twitter @neilpatel
Twitter @ericosiu







Learn more about your ad choices. Visit megaphone.fm/adchoices

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. TIME-STAMPED SHOW NOTES: <ul> <li>[00:20] Today’s topic: What Should Businesses Do as Labor Prices Increase.</li> <li>[00:32] How Neil would approach the spike in labor costs in certain sectors.</li> <li>[00:58] Some of the implications of overpaying for talent and what to do instead.</li> <li>[02:41] How to institute a signing bonus to compensate for a salary bump.</li> <li>[03:31] Why you should be patient and detach yourself from what other companies are doing.</li> <li>[04:09] That’s it for today!</li> <li>[04:14] Go to <a href="https://marketingschool.io/live">https://marketingschool.io/live</a> to learn more!</li> </ul>   Links Mentioned in Today’s Episode:   <ul> <li>Chris Voss Teaches the Art of Negotiation: <a href="https://www.masterclass.com/classes/chris-voss-teaches-the-art-of-negotiation"> https://www.masterclass.com/classes/chris-voss-teaches-the-art-of-negotiation</a>
</li> <li>Subscribe to our premium podcast (with tons of goodies!): <a href="https://www.marketingschool.io/pro">https://www.marketingschool.io/pro</a>
</li> </ul>   Leave Some Feedback:     <ul> <li>What should we talk about next? Please let us know in the comments below</li> </ul> <ul> <li>Did you enjoy this episode? If so, please leave a short review.</li> </ul>     Connect with Us:      <ul> <li><a href="http://neilpatel.com">Neilpatel.com</a></li> </ul> <ul> <li>
<a href="https://www.quicksprout.com/">Quick Sprout</a> </li> </ul> <ul> <li><a href="https://growtheverywhere.com/">Growth Everywhere</a></li> </ul> <ul> <li><a href="https://www.singlegrain.com/">Single Grain</a></li> </ul> <ul> <li>
<a href="https://twitter.com/neilpatel">Twitter @neilpatel</a> </li> </ul> <ul> <li><a href="https://twitter.com/ericosiu">Twitter @ericosiu</a></li> </ul>     Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

Neil Patel and Eric Siu bring you daily ACTIONABLE digital marketing lessons that they've learned through years of being in the trenches. Whether you have a new website or you're an established business, you'll learn the latest SEO, content marketing, social media, email marketing, conversion optimization and general online marketing strategies that work today from people that actually practice marketing and operate businesses.
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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...

What Should Businesses Do as Labor Prices Increase #2018

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ccbb163d-a988-4966-bc50-b0d2000b4001/transcript

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