Forum Discussion
I love your number two idea there it’s time for a quarterly bonus plan. You can say to them hey you guys wanna make more money well, here’s a way you can do it. It was probably one of the best things I ever did for my electrical company. Check out my episode on the masters of home service podcast. You should see One on bonus plans.
I listened to it and I love the idea. Maybe it's my business brain trying to make it equitable in the business also so I couldn't wrap my head around budgeting for a quarterly flat raise but giving everyone a flat incentive definitely would make it easier. I agree that you have to make it easy to explain 1000%. Once Upon a time I did a profit share thing and I would send these spread sheets out and no one knew what they were looking at. haha
There's a software called protiv that does all the calculations for you, has a dashboard that everyone can see. It basically takes your budget from a custom field in jobber and makes it so you split the excess budget with the guys working on the job, divided by hours worked and weighted by wage (if you want). I'm going to re-engage with them!