If you think pay is just about numbers, think again. In today’s talent-short market, the way you compensate your people could be the reason they leave—or why they stay and thrive. In this episode, Trudy MacDonald, award-winning business leader and Managing Director of TalentCode HR, pulls back the curtain on remuneration. She explains why most businesses are getting it wrong and what you can do to build a pay strategy that actually works.

Whether you're struggling with attracting top talent, keeping your best people, or motivating your team to hit new levels of performance, this conversation is your wake-up call. Trudy shares real-world insights and practical steps that will help you stop the guesswork and start building a smarter, fairer, and more effective approach to pay.

In this episode, you’ll learn:

• Why traditional pay models are failing in today’s workforce—and what’s replacing them
• The biggest mistakes leaders make when designing salary and bonus structures
• How to create a pay framework that motivates performance without damaging culture
• What it means to move from “paying for presence” to “paying for value”
• Why market benchmarking might be misleading—and how to use it the right way
• How to talk about money openly with employees and build trust in your remuneration process
• Trudy’s go-to framework for strategic remuneration design in small and medium businesses

Pay isn’t just a cost—it’s one of your most powerful business levers. Done right, it drives retention, performance, and loyalty. Done wrong, it quietly erodes your culture and profitability. Trudy MacDonald offers a fresh, human-centric take on how business owners and leaders can rethink pay to fuel growth and keep their top talent engaged. If you want your team to work like they own the place—start by paying them like it matters.

For another great conversation, check out Trudy's previous episode here Ep 152 - From Burnout to Brilliance: Transforming Workplace Culture

Trudy MacDonald has worked extensively with Boards, leaders and leadership teams over the past 20 years and is a sought-after coach to leaders across industries.

She is an experienced CEO, an established business leader and thought leader in the areas of strategy, people, and culture. She specialises in empowering organisations to become great by maximising the performance and productivity of their people.

She is a multi-award-winning speaker having been honoured as “Speaker of the Year” by the world’s largest CEO network – The Executive Connection (TEC). Trudy is a regular speaker to Leaders and Boards and regularly presents on the topics of strategy, high performance organisations and leadership at Industry Associations, Conferences and Corporate Events. Her career is founded on an education in Organisational Psychology and spans Australia, New Zealand, the USA and parts of Asia.

www.talentcodehr.com.au
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In today’s fast-changing business landscape, survival isn’t just about cutting costs—it’s about adapting, innovating, and thinking long-term. In this episode, we sit down with Rick Yvanovich, an experienced entrepreneur and business strategist, to explore what it takes to thrive in an era of constant transformation. Whether you're a start-up founder or an established business leader, this conversation will help you rethink traditional business practices and embrace a more resilient approach to leadership and decision-making.

Rick shares valuable insights on why there’s no such thing as "business as usual" anymore, emphasizing the need for agility in response to changing legislation, economic conditions, and technology. He also delves into the importance of resilience, sustainability, and continuous improvement, drawing inspiration from Japanese business longevity models. Additionally, he highlights the critical role of mindset and leadership, explaining why business owners should take action instead of waiting for external solutions.

A major takeaway from this episode is the value of external accountability and support. Rick discusses how independent advisors, non-executive directors, or external mentors can provide objective feedback, reduce stress, and help business owners make better strategic decisions. He also shares his perspective on personal branding and succession planning, encouraging leaders to separate themselves from their business to ensure long-term success.

Key Takeaways:

✅ Why "business as usual" no longer exists—and how to adapt
✅ The secret to business longevity: resilience and sustainability
✅ How to develop a proactive leadership mindset in times of uncertainty
✅ The power of external support and accountability in decision-making
✅ Why curiosity and continuous improvement are critical for business success
✅ How personal branding plays a role in ensuring long-term business survival

Get Rick's book: Business As Unusual - How to Thrive in the New Renaissance

Rick Yvanovich is a true master of the business coaching craft. His proven track record of helping companies and individuals achieve unprecedented levels of success is a testament to his unparalleled ability to combine business experience with coaching interventions. Through systematic processes and unwavering commitment to employee empowerment, Rick translates vision into actionable steps that propel his clients forward towards their goals and milestones.

www.rickyvanovich.com

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If you're a business owner who feels overwhelmed, overworked, and constantly in the thick of everything, this episode is a must-listen. Host Paul Sweeney takes a deep dive into the "hub and spoke" model—a common but problematic setup where every decision, task, and communication flows through you, the owner. While this might seem manageable in the early stages, it quickly becomes a bottleneck to growth, profitability, and your personal freedom.

In this insightful solo episode, Paul outlines how to recognize the warning signs that your business is overly dependent on you. He walks you through practical steps to redesign your business systems, delegate effectively, and reclaim the time and freedom you originally set out to achieve. Learn how to assess your current setup, use tools like virtual assistants and automation, and get access to a free Value Builder score to help evaluate and grow your business without burning out.

Whether you’re stuck in the day-to-day or looking for ways to scale smartly, this episode offers clear, actionable strategies to create a business that thrives without you having to be in the centre of everything.

Check out these past episodes referred to in this podcast:

Ep 161 Hiring Smarter: The Power of Virtual Assistants in Business Success

Ep 147 Scaling with Structure: Garrett Delph on Fixing Chaos in Business

Try the Value Builders Quiz and find out how to increase the value of your business (and escape from the hub-and-spoke business model). You'll receive a free report!

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

www.pretiumsolutions.com.au

https://thebusinessbehindyourbusiness.com/

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